Risk review bank statements

B

buzybee

Registered User
Messages
203
We have a risk review with Revenue. They asked for bank statements. I used savings to buy An Post bonds. Also I bought a car. It was written off in an accident and I got money from insurance.

Would I mark the transactions to explain? My spouse said there is no need to do this. I just hate if there are more questions.
 
Provide them with what they asked for.
If they have further questions subsequently then address them if/when they ask them.
 
Pre-empting further questions about larger transactions in the bank statements won't do any harm. If it isn't obvious what they relate to, then it's nearly inevitable that they will query them

Worth noting that if you are under risk review, it's because of specific material risk or risks, based on what is in your returns (along with any other information Revenue have).
 
Thanks, when Revenue says bank accounts, do they mean the last page at Dec 2022, Dev 2023 or do I need to give the full bank statements for all these years? The full statements of the main account is pages and pages. I thought they can access all the bank statements once they have the account number.
 
If they said bank statements then that is what they want.

buzybee said:
I thought they can access all the bank statements once they have the account number.
Click to expand...
No they can't, without using seldom-invoked powers to compel the financial institution to give them records (generally used only in quite serious investigation cases).

They generally operate on the basis that people can and will comply with most such information requests.
 
You must log in or register to reply here.
Menu
Log in
Register