Overstatement of certain unallocated tax deposits

Category: Economy
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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.

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Overstatement of certain unallocated tax deposits

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Data Owner Paula O'COnnor
Data Owner Email Paula.OConnor@audit.gov.ie
Data Owner Telephone +35318638718
Theme Economy
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Language English
Landing page https://www.audit.gov.ie/en/find-report/publications/2022/17-overstatement-of-certain-unallocated-tax-deposits.pdf