Music duo's new year wish to settle €3m tax bill
Published 29/12/2012 | 05:00
MUSIC duo Foster and Allen have revealed their new year wish is to settle with the taxman.
Last Christmas, the entertainers faced disaster after a High Court judgment that each must pay €3m in taxes, penalties and interest.
Since then, the duo, who are appealing the judgment, have played more than 50 gigs in an attempt to shore up their finances, and will be playing concerts through the season.
"It's been tough but we never gave up hope. Our way of dealing with this was just to keep going. Our wish for the new year is that we can reach some kind of agreement.
"But it's only money; we still have our health," Allen told the Irish Independent.
Allen (61) and Foster (65) have completed a UK tour and starred in their own music series, 'The Foster & Allen Show' for Sky TV.
Old friend Terry Wogan was the star guest on the show's Christmas special this month.
"We needed a big name and Terry didn't let us down. Mind you, it was supposed to be us interviewing Terry but he ended up interviewing us," said Allen.
The musical duo claim they were victims of a fraud by accountant and former barrister Patrick Russell of Steelstown, Rathcoole, Co Dublin.
Foster and Allen said they each paid Mr Russell €50,000 to settle in full their tax liabilities. But they claimed Revenue had not received the money.
Foster is appealing a €2.947m judgment relating to unpaid taxes from 1986 to 2002. Allen is appealing a judgment for €3.389m – arising from unpaid income taxes and penalties between 1986 and 1997. No date has been given for their appeal.