TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Update on Statement of Affairs in an audit investigation

The Tax and Duty Manual – Part 38-04-06 – Section 909 Taxes Consolidation Act 1997: Statement of Affairs in an Audit of Investigation – has been amended.

  • Section 2 has been updated to reflect the information required, per the legislation and Form SA1, in cases where an asset was acquired other than a bargain at arm’s length.
  • Paragraph 3.7.3 has been updated to clarify that a Statement of Affairs issued to a representative or a trustee is issued where the representative or trustee is acting for another person whose affairs are under review.

See Revenue eBrief No.135/21 for further details.