Revenue Commission Survey Shows High Reliance On Accountants In SME Sector

by Jason Gorringe, Tax-News.com, London

15 January 2007

A recent survey of taxpayers in Ireland's Small to Medium Enterprise sector, conducted by the Revenue Commission, has shown that four out of five taxpayers rely on accountants to tell them about their tax obligations.

Commenting on the survey, Director of Taxation with the Institute of Chartered Accountants In Ireland, Brian Keegan announced that:

“This finding comes as no surprise. What is very encouraging for our profession is that a similar percentage (84%) are satisfied with their dealings with Revenue. This clearly shows that accountants are playing a key role in administering the tax system, and delivering an excellent tax service. In fact many respondents had no need to contact Revenue themselves at all.”

According to the survey, taxpayers who use accountants to maintain their books and records also tend to use their accountants as a source of information on Revenue.

Respondents also noted a high level of confidence in Revenue’s fairness of approach.

“Both of these trends are positive indicators for tax administration in a modern economy,” concluded Mr Keegan.

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