Tax lecturer on Revenue's latest tax defaulters list
Single biggest settlement of €3m made by Cork publican
Published 09/12/2015 | 02:30
A prominent tax lecturer and the founder of former high street fashion chain Sasha are among tax defaulters who've coughed up a total of €14m in the latest swoop by the Revenue Commissioners.
Lecturer Mel Kilkenny of Ballina, Co Tipperary, who lectures in tax matters at City Colleges in Dublin, was hit for a total of €284,000 for the underdeclaration of income tax. That included €167,500 in tax, as well as interest and penalties. Mr Kilkenny is billed by City Colleges as "one of Ireland's most popular taxation lecturers".
The single biggest settlement was for just over €3m. It was made by publican and hardware retailer Billy O'Flynn of Ballyellis in Mallow, Co Cork, for the underdeclaration of income tax and capital gains tax. The amount included tax of €1.2m that was owed, €723,000 in interest and €1.1m in penalties.
Mr O'Flynn owned the Lodge Bar outside Mallow, which was put up for sale in January this year with estate agents Savills for in excess of €250,000. A company belonging to Mr O'Flynn was fined in 2008 for not having a current liquor licence.
Another significant defaulter was company director Terence O'Brien, of Killiney Avenue, Killiney, Co Dublin.
Mr O'Brien founded the Sasha women's fashion chain in 1983. He sold the business to a Cork-based firm in 2004 and remained as chairman. Sasha went into liquidation in 2008. Mr O'Brien made a settlement of €1.1m for the underdeclaration of income tax, as the result of a Revenue probe into offshore assets.
Doctors, farmers, developers and retailers were among those caught in the latest Revenue probe between July and September.
Of the 67 cases, 24 were for settlements of more than €100,000. Seven exceeded €500,000 and four exceeded €1m. Sau Keun Hung, a restaurateur in Castle Park, Arklow, Co Wicklow, made a €1.2m settlement for the underdeclaration of income tax and VAT.
Settlements are only published by the Revenue Commissioners when voluntary disclosure options are not availed of, and the default is as a result of careless or deliberate behaviour.
Other settlements included €733,000 made by Dr Sharif Saleem of Friar's Walk of Ballyphehane, Co Cork. In 2011, he was found guilty by Irish Medical Council's Fitness to Practise Committee of poor professional performance.