A report published by the Revenue Commissioners says that it has reduced the administrative burden on businesses by 25%.
Revenue say the saving for businesses amounts to over €85 million a year.
The research identified 62 of the most burdensome information obligations.
Interviews were then held with 51 businesses and agents to establish the time and cost associated with these obligations.
The measurement was carried out in accordance with the internationally accepted Standard Cost Model, and was overseen and validated by external consultants in the context of the commitment made by Government in March 2008.
Revenue say the main initiatives which led to the 25% burden reduction were:
- Reduced filing frequencies for VAT, Employers' PAYE/PRSI and Relevant Contracts Tax;
- An increase in the VAT registration threshold;
- Pre-population of income tax and corporation tax forms;
- Revenue's new electronic Relevant Contracts Tax system;
- Ongoing expansion and improvement to the range of electronic services on ROS.
