Ex-lobbyist and former jockey on Revenue list
Published 09/09/2015 | 02:30
Disgraced lobbyist Frank Dunlop has been hit with a tax bill of almost €430,000 following a probe by the Revenue Commissioners.
The former Government press secretary was joined by former champion jockey Charlie Swan in a list of 108 defaulters named by the taxman after reaching settlements totalling more than €18m in the second quarter of the year.
Mr Dunlop (67), with an address at Rathbeggan, Dunboyne, Co Meath and who was jailed in 2009 for corruption, was found to have under-declared tax and VAT of €192,313 following a revenue investigation.
He was also hit with interest and penalties amounting to €236,885, resulting in a total settlement of €429,198.
Former jockey Charlie Swan (46), with an address at The Cobs, Modreeny, Cloughjordan, Co Tipperary, reached a settlement of €122,442 for under-declaring income tax, following a revenue offshore assets investigation case.
The three-times winner of the Cheltenham Champion Hurdle on Istabraq, one of the Grade One successes for his Cloughjordan yard was a horse called Offshore Account. Earlier this year, he shocked the racing world when he announced he was quitting the training ranks.
Both men were among 108 defaulters named by the Revenue Commissioners who reached settlements totalling €18.52m in the second quarter of the year. Of these, 51 were for amounts exceeding €100,000, with eight in excess of €500,000.
Three were for more than €1m, including the highest settlement of €1.5m, which was made by medical doctor and company director Onone Humphrey Ugbawa, with an address at The Green, Ocean Links, Strandhill, Co Sligo.
He was found to have under-declared tax totalling €908,327, with interest of €182,000 and penalties of €454,000 added.
The list includes five doctors, as well as hoteliers Crownwood Holdings Ltd, which operates O'Shea's Hotel on Dublin's Talbot Street. It made a settlement totalling €205,582.95 for under-declaring corporation tax, VAT and PAYE/PRSI.
A confectionery and ice-cream vendor, Samuel Raymond Martin with an address at Bellinter, Navan, Co Meath, reached a settlement of €1,028,129.25 while Portsalon Golf Club in Donegal owed €40,008.
A picture framing service provider, Michael Raymond from Blackrock in Co Dublin, was named as owing €1,167,219, with the Revenue Commissioners also noting four penalties imposed by the courts, the largest of which was €87,346 imposed on James Gallagher from Drumkeen, Ballybofey in Co Donegal for under-declaring capital gains tax in the amount of €128,108.
The published settlements reflected only a "portion" of all audits and investigations and names are only published if "extensive voluntary disclosure options" are not availed of, Revenue said, noting it had collected €186m from defaulters between April 1 and June 30.