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Medical Consultants Brought Down By Audit

  • 2018-05-03 16:50
  • 아시아뉴스통신=Timothy Montales 기자
Photo: NeuPaddy / Pixabay


A revenue probe looked into several hundred companies found 61 million euros in tax and linked it to medical consultants, according to the Public Accounts Committee.


Revenue officers report that doctors paid nannies using their companies, and one case in particular had a child being paid for web work that breached pertinent tax rules.Some of the improper practices they discovered were the use of firms to offset personal expenses like household costs, paying nannies, freelancing children, etc.


Niall Cody, chairman of the Revenue Commissioners, said that there was a case in which expenses were used to compensate a child for work done on a website, and the explanation given was because the child was “proficient in IT and the consultant wasn’t.”


The TDs were given to understand the probe into consultants’ tax affairs started in 2010 following the routine audit of a medical consultant who qualified as a high-wealth individual.Cody speaks of there being liabilities identified, and the issues challenged had to do with the incorporation of a private practice securing an overall tax reduction.


There are many legal ways to go about arrangements like these, but in this case, concerns were about the details of transactions between the companies themselves and their consultants.The evidence did not adequately support the transactions being commercial transactions.
 

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