'Angelus' firm makes €90k payout to Revenue
A company owned by a religious order and involved in the production of the daily 'Angelus' for RTÉ has made a settlement for more than €90,000 with the Revenue Commissioners.
Kairos Communications Ltd - which is owned by the Maynooth-based Society of the Divine Word order - is the largest independent contributor of religious programming to RTÉ.
The firm has produced material for the 'Angelus' for many years and last year secured a new contract to work with RTÉ on the revamp of the 'Angelus' that involves the production of eight new short reflective films that are to be used over the coming years. The firm also produces a Mass for RTÉ radio every Sunday.
New accounts for Kairos Communications Ltd confirm that it reached a settlement with the Revenue Commissioners totalling €92,603 last August.
A note attached to the accounts lodged with the Companies Office states that last August, the "directors made an unprompted qualifying disclosure to the Revenue Commissioners in relation to the tax treatment of the education and film production contractors working for Kairos".
The note states: "This tax settlement came to €92,603.18.
"We do not see this future tax treatment of the contractors to Kairos as a threat to the going concern of the company."
Board member of Kairos Communications Fr Finbarr Treacy said yesterday: "The voluntary disclosure was made following an internal review of the company's tax treatment of individuals whose services had been provided to Kairos Communications as self-employed contractors. The voluntary disclosure was made on a precautionary basis."
The Kairos accounts show that at the end of December 2014, the firm was sitting on a cash pile of €764,639.
Last year, Kairos produced 39 hours of live broadcast of religious services for RTÉ Radio.
The firm provided RTÉ with 11 hours of live outside broadcasts in 2015 and will provide the same level of live broadcasts of religious services this year.
Kairos was founded in the 1970s by the late Fr Michael Melvin.