Co-operative compliance

What are the benefits of co-operative compliance?

Both taxpayers and Revenue benefit from engaging in the Co-Operative Compliance Framework (CCF) process.

The benefits for the taxpayer include:

  • Revenue having a better understanding of how your business works
  • recognising the difference between business driven and tax driven decisions, thereby minimising possible misunderstandings
  • having a relationship with us that is based on trust, mutual understanding, openness and transparency
  • ease of access to a Dedicated Case Manager to resolve misunderstandings or progress major and urgent issues 
  • an open communications channel to engage with Revenue to obtain Revenue’s view in relation to specific tax related matters
  • the possibility for reduced compliance costs
  • fewer audit and compliance interventions from Revenue
  • greater certainty in relation to tax exposure
  • and
  • having the opportunity to highlight problems with the tax code or its administration affecting the Group.

The benefits for Revenue include:

  • having a relationship with the Group based on trust, mutual understanding, accessibility, openness and transparency
  • being able to predict with confidence what position you will take regarding tax issues
  • having a better understanding of the business of the Group
  • ease of access to decision makers within the Group to progress urgent matters
  • greater certainty when forecasting tax payments
  • gaining business insights to inform discussions on the tax code and its administration
  • confidence in the accuracy and timeliness of tax returns and tax payments
  • and
  • reduced administration costs.

CCF groups show by their engagement with Revenue that audits and investigations are unnecessary. This allows Revenue to focus more on audits, investigations and enforcement for the riskiest cases.

Next: How co-operative compliance works