Travel firm coughs up €1.9m for unpaid tax to Revenue
WELL-known horse trainer Christy Roche and a Co Westmeath travel agency are among the latest list of tax defaulters who have made settlements worth almost €20m with the Revenue Commissioners.
Revenue audits and investigations yielded a total of €92.7m between July 1 and September 30 of this year.
The largest settlement was by Mullingar Travel at just over €1.9m for underdeclaration of corporation tax, while the company was also part of a Revenue offshore assets investigation case. The company established in 1978 operates two outlets in Mullingar town.
Former Irish Derby winner Christy Roche who trains horses almost exclusively for JP McManus since his retirement in August 1998, received penalties and interest totalling €94,974 for failing to declare €70,494 in taxes and holding offshore accounts.
The Kildare-based national hunt boss is the second racehorse trainer this year to be named and shamed over unpaid taxes.
In September it was confirmed that Whisperview Trading Ltd, a company owned by champion Irish horse trainer Aidan O'Brien and his wife Ann Marie, had been sent a bill for more than half a million euro for unpaid tax.
Mr Roche (62), of Curragh View House in Co Kildare, who won the Irish Derby as a jockey in 1982, 1992 and 1997 and famously the Epsom Derby on Secreto in 1984, received penalties and interest for under-declaration of income tax and as part of the Revenue Offshore Assets investigations.
Property dealer and landlord Bernard Carroll who has an address at Brighton Road, Foxrock, agreed a tax settlement with Revenue for €332,320.
Two Dublin-based men, who are both directors of the same three companies, received agreed settlements of almost €2m for failing to declare tax and holding offshore accounts.
Josef Katz, with an address in Terenure, agreed a settlement for €1.57m while Robert Katz, with an address in Kimmage, settled for €443,850.
An anaesthetist Bryan Kennedy with an address at Orwell Road, Rathgar, received penalties totalling €198,749 for under declaration of tax.
Sports Division Ltd, a retailer based in the Blanchardstown Centre in Dublin, agreed a settlement of €1.6m with Revenue.
The National Housebuilding Guarantee Company in Ranelagh, which operates the HomeBond insurance scheme covering structural defect cover for new homes, agreed a settlement with Revenue for close to €100,000 for failing to declare tax.
Apart from settlements, the Revenue took in over €819,000 in fines from 363 convictions for tax offences.
A total of 84 taxpayers and businesses were on the Defaulters' List with unpaid taxes and penalties totalling €18.95m.
Forty were for amounts over €100,000, of which eight were over €500,000 and four of those exceeded €1m.
The settlements published in the list totalled €18.95m. Four of the Revenue settlements exceeded €1m, four exceeded €500,000, and 33 were for amounts in excess of €100,000. Those figures included interest and penalties.