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Tuesday 30 September 2014

Des Richardson on defaulters list

Published 05/03/2013 | 16:41

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Some 135 people have been named on Revenue's defaulters list

Revenue officials have slapped a hefty fine on former Fianna Fail fundraiser Des Richardson as part of a tax defaulters investigation.

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In the latest defaulters list, Mr Richardson is exposed for having to hand over 38,251 euro along with 51,529 euro in interest payments for underdeclaring income tax and capital gains tax.

Revenue has also issued a penalty of 19,126 euro on the business management consultant - with an address at Serpentine Avenue, Ballsbridge, Dublin 4 - forcing him to make an overall settlement of 108,906 euro to the state coffers.

Some 135 people were named on the list, which covers the the three-month period to the end of last year, with settlements totalling more than 27 million euro.

The latest investigation found:

:: Nine cases were for settlements in excess of 500,000 euro, five of which were for more than a million euro.

:: Seven settlements, totalling 1.51 million euro, were uncovered in probes into offshore funds.

:: Four settlements, adding up to 1.68 million euro, came about as part of Revenue's investigation into single premium insurance products.

Revenue said the published settlements reflect only a portion of its audits and investigations during the three-month period.

A spokeswoman said: "Settlements are only published when the extensive voluntary disclosure options are not availed of and the default is as a result of careless or deliberate behaviour."

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