Please advise how to make an agreement with Revenue?

It's important to realise that dealing with the sheriffs will result in additional costs, which are borne by the taxpayer.

There's also no guarantee that the sheriff is the enforcement option they decide to take - they may do an attachment order for his bank account(s) and/or his debtors, which could effectively shut a business down overnight.

In order to get an instalment arrangement in place he needs to beg steal or borrow about 4k now upfront, and if he can offer the balance over 24-36months and show that it is a realistic proposal based on his income/cash flow projections, this should be acceptable.

I would suggest in the current climate (half the country's press all trying to find the next exposé of gombeen politics and light touch regulation) getting a TD to try to exert undue influence is not likely to give a positive outcome.
 
A letter from your local politician will not do any harm (it will be ignored), except that the politician and his office will know your business and will think you think you now owe them a favour! My local politician routinely asks questions in the Dail regarding constituent's taxation affairs and while reports of these questions are usually redacted, the details are likely found in the official records/transcripts.

(I would think that Revenue are likely to go harder to avoid even the appearance of bias where they know politicians have gotten involved ... but its your call)
 
Mmmm contacting a politician seemed like a good idea but after some reflection - not so good; especially considering his own accountant advised him to solely deal with revenue without the assistance of a financial adviser:(

I can confirm 4k was paid over the weekend and I am sitting here sifting through accounts from 2010 to date. I note numerous purchase invoices for 2010 were not offset. I presume it is too late to offset them against the liability now?? I take it any purchase invoices exceeding four years is not allowed as an offset - I guess it would not be possible to offset them against liability in 2014??
 
I am just in receipt of a call informing me that our proposal has been turned down. He has also received word from the sheriff who has also turned down his offer. All very disappointing indeed.

Thank you so much for all the help on this thread.
 
Gordon Gekko said:
But if VAT arises on an invoice and ultimately that person doesn't pay, the VAT is "cancelled"...
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Interesting, we are now aware that 40% of the liability he owes is based on monies he did not receive. He says he felt unnerved by the revenue official to agree his accounting preference was based on "sales based accounting" rather than "cash based accounting". His turnover was less than 100k per year so it was most certainly not in his interest to be basing his accounting package on a sales accounting system.

This obviously needs to be rectified. Can this be done via ROS? Should credit notes be issued? Will this peeve the powers that be considering they agreed not to formally audit if he agreed to a) run a sales accounting system and b) make no further amendments; as he most certainly couldn't deal with a second visit from the Revenue.

His business is now closed.
 
Kerrigan said:
Interesting, we are now aware that 40% of the liability he owes is based on monies he did not receive. He says he felt unnerved by the revenue official to agree his accounting preference was based on "sales based accounting" rather than "cash based accounting". His turnover was less than 100k per year so it was most certainly not in his interest to be basing his accounting package on a sales accounting system.

This obviously needs to be rectified. Can this be done via ROS? Should credit notes be issued? Will this peeve the powers that be considering they agreed not to formally audit if he agreed to a) run a sales accounting system and b) make no further amendments; as he most certainly couldn't deal with a second visit from the Revenue.

His business is now closed.
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Kerrigan I agree that any errors should be rectified. However caution is needed, your friend needs to talk to an experienced accountant first so as to establish beyond doubt that the Revenue debt was overstated. They should look at all the accounts to check for other potential errors (which could be for or against them). The accountant then should be able to advise on the best course to follow.

Though if any follow-up action is taken, then your friend will have to deal with the Revenue again . Also an audit is a possibility, again more dealings with the revenue. Tread careful, especially given your friends state of mind.
 
Thanks Fearbeg.

We are currently repaying approximately €600 per month on his behalf via the sheriff. In fairness the sheriffs office have been accommodating but and there's always a but; we feel the time scale to repay is very tight. We have an imposed deadline of 8 months from the time the warrant was issued (May 2015) to repay 80-90% of the liability? Is this legally correct? I thought 24 months was the time frame?
 
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