Co-operative compliance

What is co-operative compliance?

Co-Operative Compliance known as 'Enhanced Relationship' or Horizontal Monitoring' internationally, is the development of a relationship between taxpayer and Revenue. This bilateral relationship is based on trust and co-operation and ensures the highest level of voluntary tax compliance and certainty.

Revenue is aware that taxpayers wish to be tax compliant and want certainty on their tax position. Revenue therefore encourages taxpayers to self-review. Revenue facilitates the correction of errors by allowing a taxpayer 'self-correct without penalty'. They can submit 'unprompted qualifying disclosures' as provided by the Code of Practice for Revenue Audit and other Compliance interventions.

The Co-Operative Compliance Framework (CCF) forms a mutually supportive relationship between Revenue and large corporates. This ensures that the taxpayer is fully tax compliant with their tax, customs and excise obligations. Given the complexities of tax law and regulation, unintentional errors can sometimes arise. CCF aims to prevent these errors from occurring.

Next: What are the benefits of co-operative compliance?