The objective of the Tax Appeals Commission (TAC) is to fulfil its obligations under the Finance (Tax Appeals) Act 2015 and the Taxes Consolidation Act 1997 (“TCA 1997”), thereby ensuring that all taxpayers may exercise, where appropriate, their right of appeal to an independent body against decisions and assessments of the Revenue Commissioners and the Criminal Assets Bureau.
It recently published its 2021 Annual Report. The report noted that in 2021 the TAC closed a record-breaking 1,793 appeals valued at €3.146 billion.
It also reduced the quantum under appeal from €4.5 billion to €1.65 billion and reduced the number of appeals on hand to 2,703, a reduction of 10%.
The TAC issued determinations affecting appeals to a value of €443 million. Of the appeals closed in 2021, over 70% were closed by way of being settled or withdrawal by the appellant. Almost 20% of appeals were either dismissed or refused.
Of the appeals opened and closed in 2021, more than 50% of the cases involved Income Tax.
Only 4% of cases involved Corporation Tax but they represented over 90% of the €3.146 billion case value.
In 2021, the TAC continued to improve its case management (with a new case management system to be implemented in 2022), case throughput and case closure.
For further information, please contact Eddie Murphy, Partner & Head of Tax Services.