Tax defaulters forced to cough up millions- pub firms, hoteliers and builders among those caught in the net
Latest Revenue haul yields €16.6m
The latest haul by the Revenue Commissioners from tax defaulters has reaped €16.6m, with pub firms, hoteliers and builders among those caught in the net.
The single biggest settlement in the latest trawl by the taxman was for €2.3m. It was made by Colm Redmond (61), the owner of the highly-regarded Zetland County House Hotel, on the edge of Cashel Bay, in Connemara.
That settlement with the Revenue was for the under-declaration of income tax, VAT and capital gains tax. It included €1.1m in unpaid tax, €863,000 in interest, and €332,000 in penalties.
The next biggest settlement was for €1.7m. It was made by Michael Holland, a building contractor of Mill Road, Durrow, Co Laois. That was for the under-declaration of income tax and VAT and the sum included €413,000 in penalties.
Catherine O'Hanlon, a director of Waterford-based firm Bilberry Shipping & Stevedores, was hit for a total of €332,000. That was for the under-declaration of income tax, and was a result of an offshore assets investigation.
Wan Ping Ngai, a restaurant owner in Mullingar, Co Westmeath, has settled with the Revenue for almost €772,000 for the under-declaration of income tax and VAT.
The Revenue Commissioners said that in the three-month period to the end of last December, a total of 107 settlements were made.
A total of 46 of the settlements were for more than €100,000, and of those four were for more than €500,000, and of those two were for more than €1m.
Three of the settlements related to investigations into offshore assets or funds.
Settlements with the Revenue are only published when extensive voluntary disclosure options are not availed of and the default is as a result of careless or deliberate behaviour.
Other settlements included one for €86,000 by Macken's Bar Ltd, at the Bullring in Wexford town. That was for the under-declaration of PAYE/PRSI, corporation tax and VAT.
Meanwhile, Kevin Daly, an accountant with an address at Rathfarnham Wood in Rathfarnham, Dublin, made a settlement of €500,000.
That was on foot of a penalty determination by the courts in relation to the under-declaration of income tax and VAT.
Retired disco operator Donal Bolger of Seacourt, Clontarf, Dublin, made a €408,000 settlement.