Saturday 3 December 2016

Nothing compares to Revenue: Sinead on tax list

Published 28/09/2016 | 02:30

Singer Sinead O’Connor at her home in Bray, Co Wicklow. Photo: Mark Condren
Singer Sinead O’Connor at her home in Bray, Co Wicklow. Photo: Mark Condren

Sinead O'Connor has made a €160,000 settlement with the Revenue Commissioners.

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The singer made the payment as part of the latest swoop by the taxman to detect defaulters in the three months to the end of June.

The total paid by the artist, who was catapulted to international fame with her rendition of the Prince song 'Nothing Compares 2 U', included €90,543 of tax, €42,600 in interest, and €27,162 in penalties.

The payment was for the under-declaration of PRSI and PAYE.

Ms O'Connor, whose address is listed as Bray, Co Wicklow, could not be reached for comment by the Irish Independent.

The Commissioners have netted a total of €17.4m in the latest tax haul.

It included settlements made by publicans, doctors, farmers, and even an aircraft painting firm.

And the taxman's tentacles have also reached across borders.

Switzerland-based businessman Marc Amand - who sold his La Rousse Foods business in Ireland last year for between €20m and €30m - made a €221,000 settlement for the under-declaration of income tax.

He sold his food service company, which operates in Dublin and Belfast and has more than 1,300 corporate clients, to Irish-Swiss food giant Aryzta.

Settlements in the latest quarter included 42 for over €100,000 each.

Of those, eight were for more than €500,000 each, and of those, two exceeded €1m.

Defaulters' names are published only where a taxpayer has failed in advance of any Revenue enquiry to voluntarily furnish complete information relating to undisclosed tax liabilities.

They were also obliged to pay the tax and interest due on those liabilities.

IAC Graphics, an aircraft painting firm based at Dublin Airport, made a €1.1m settlement.

That was for the under-declaration of VAT, PAYE, PRSI, and corporation tax.

The Irish Independent revealed that settlement earlier this year.

IAC Graphics is part of International Aerospace Coatings, which also includes Shannon-based firm Eirtech.

The Irish Independent reported earlier this year that units of Eirtech - including IAC - had made a total of €2.7m in settlements with the Revenue Commissioners in relation to their 2013 and 2014 financial years.

Eirtech said that the settlements were for historical taxation liabilities "which were omitted in error from prior year financial statements".

Bizquip, a business equipment supplier based in south Dublin, made a €925,000 settlement for the under-declaration of PAYE and PRSI and also on foot of an offshore assets investigation.

James Leyden, a co-owner of Bizquip, made a separate €275,000 settlement for the under-declaration of income tax as part of a Revenue offshore assets investigation.

Anthony Kilpatrick, a Dublin businessman of Merville Road in Stillorgan who's a director of a company called Grattan Steel, made a €121,000 settlement for the under-declaration of income tax.

Grattan Steel made a €287,670 settlement for the under-declaration of VAT, PAYE, PRSE and corporation tax.

William Forristal, an architect with an address at Limekiln Lane, Jerpoint Hill in Thomastown, Co Kilkenny, made a settlement for €283,000 related to the under-declaration of income tax and VAT.

Irish Independent

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