Arcade king Quirke on list of tax defaulters
Firm made €800,000 settlement with Revenue
A COMPANY controlled by Dr Quirkey's amusement arcade boss Richard Quirke and his wife is in the top 10 of the latest tax defaulters.
Mr Quirke – who runs the slot machine emporium in a prime spot on Dublin's O'Connell Street – is listed as one of the directors of the Dublin Pool & Juke Box Co Ltd, which reached a settlement of €803,000 with Revenue for underdeclaring VAT after being audited.
The son of the gaming arcade owner, Wesley Quirke, is engaged to former Miss World and model Rosanna Davison.
The company was one of 126 cases highlighted in the latest Revenue tax defaulters' list in which more than €20.5m in settlements were made in the first three months of this year as a result of audits and investigations.
Included in the top settlements were a supermarket proprietor, a retired employee and a building contractor.
However, Revenue said the published settlements reflected "a portion only" of all its audits and investigations in the first three months of this year.
It revealed that between January and March more than 2,000 revenue audit and investigations, together with 14,417 risk-management interventions, were settled, yielding payments totalling €153m.
Nearly half (56) of the latest settlements were for amounts exceeding €100,000, two were for more than €1m while four topped €500,000.
Seven settlements totalling more than €3m related to Revenue investigations into offshore funds and three totalling €260,000 were linked to its investigation into single premium insurance products investigation cases.
All of the settlements include tax and interest with sizeable penalties imposed in several cases.
According to Revenue, settlements were only published when the extensive voluntary disclosure options were not availed of and where the default was as a result of "careless or deliberate behaviour".
Topping the latest list of settlements was supermarket proprietor Ji Rong Zheng with an address at Parnell Street, Dublin, who made a settlement of €1,592,400 for underdeclaration of VAT and income tax. The payment included more than €580,000 in penalties.
Ivan Diver, listed as a retired employee, of Coolcholly, Ballyshannon, Co Donegal, settled for €1,511,257 for underdeclared income tax and capital- gains tax following a Revenue offshore-assets investigation and single premium insurance products investigation case.
Building contractors, Alan Costello Builders Ltd – which is listed as in receivership – of Clontarf Road, Dublin, made a €649,771 settlement for underdeclared corporation tax, PAYE/PRSI, relevant contracts tax and VAT.
The fifth largest settlement was for €602,994 by furniture manufacturing company, McStay Furniture of Sarsfield Road, Wilton, Co Cork, for underdeclared VAT and PAYE/PRSI.
In another case, company director, Michael Ryan of Clontarf, Dublin, made a settlement of €498,554 for underdeclaring income tax, while accountant Frank Walsh from Goatstown, Dublin, made a settlement for €450,000 for underdeclaration of income tax and VAT.
Musician Gary Hansard from Lucan, Co Dublin, a brother of Academy award winner Glen Hansard, made a €45,281 settlement for underdeclared income tax and capital gains tax.
A list of tax defaulters identified by the Revenue Commissioners printed in today's edition of the Irish Independent carries accurate details of settlements reached. However, a misalignment of facing pages in some editions resulted in some names and figures not being lined up correctly. A full correct list of these settlements will be published in tomorrow's Irish Independent.