Overstatement of certain unallocated tax deposits
Resource: Overstatement of certain unallocated tax deposits
Additional Information
| Field | Value |
|---|---|
| Data last updated | 13 June 2023 |
| Metadata last updated | 13 June 2023 |
| Created | 13 June 2023 |
| Format | |
| License | Creative Commons Attribution 4.0 |
| Access url | https://www.audit.gov.ie/en/find-report/publications/2022/17-overstatement-of-certain-unallocated-tax-deposits.pdf |
| Download url | https://www.audit.gov.ie/en/find-report/publications/2022/17-overstatement-of-certain-unallocated-tax-deposits.pdf |
| Has views | True |
| Id | feacf280-9808-42b0-a36e-b652dfddc28a |
| Mimetype | application/pdf |
| Notes | Unallocated tax deposits (UTD), recorded in the revenue account as a year-end liability, include receipts which cannot at the year-end be allocated to either a taxhead or taxpayer record. The audit of the 2021 revenue account found that the taxhead receipts for 2021 were understated by an estimated €32.5 million as audit tax settlements made by taxpayers were incorrectly included in the year-end UTD balance rather than being allocated to the relevant taxhead(s). The UTD year-end liability balance was overstated by the same amount. |
| Package id | f076aa58-678f-4c55-ad52-57f0dc276ae8 |
| State | active |
| Description | Unallocated tax deposits (UTD), recorded in the revenue account as a year-end liability, include receipts which cannot at the year-end be allocated to either a taxhead or taxpayer record. The audit of the 2021 revenue account found that the taxhead receipts for 2021 were understated by an estimated €32.5 million as audit tax settlements made by taxpayers were incorrectly included in the year-end UTD balance rather than being allocated to the relevant taxhead(s). The UTD year-end liability balance was overstated by the same amount. |
| High Value Dataset (HVD) Resource | |
| Applicable Legislation | |
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