IE: Auditor General annual report 2005

Annual report 2005 (169 pages, PDF) of the Republic of Ireland's Comptroller and Auditor General. Pages 24 and 25 report on the Revenue's work on MTIC carousel fraud. The document reports without comment the view of the Revenue that:

While it may be the case that an accurate estimate of VAT losses could be informative, it is also his view that there would be little point in producing an estimate, that would at best be unreliable and at worst misleading, just for the sake of having one. He concurs with the view that this is a relatively untested area and an inherently difficult one for making estimates.

For further information or advice please contact Franck Latrémolière.

Filed under Tax fraud, VAT.

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