The IMO has recently received a letter from the Office of the Revenue Commissioners on this subject.
As you will be aware, the Revenue Commissioners initiated a number of ‘interventions’ during the last year to address a number of tax compliance issues that had been brought to the Commissioners attention. Among those caught up in the process were Consultants, some of whom remain the subject of Revenue audits.

Recently, the Revenue Commissioners have advised the IMO that they intend to commence a second phase of ‘interventions’ on selected cases, by way of audit. The Revenue Commissioners have advised the IMO that they will meet with any Consultant concerned about their tax affairs. They have also advised that “the option is still available to all taxpayers, who are not currently the subject of a Revenue audit, to engage in a self-review of tax returns already submitted and, if appropriate, make an unprompted voluntary disclosure prior to the issue of the Revenue audit notification letter.”

Any audit would be conducted under the Code of Practice for Revenue Audit.

http://www.revenue.ie/en/practitioner/audit-code-of-practice/index.html

As with our previous communication on this matter, as each consultant has individual taxation arrangements, the IMO recommends that you consult with your tax advisor and/or accountant.