Tuesday 12 December 2017

Fuel laundering 'defeated' in the South

Fuel laundering has been 'defeated' south of the Border. Stock Image
Fuel laundering has been 'defeated' south of the Border. Stock Image
Cormac McQuinn

Cormac McQuinn

Fuel laundering has been "defeated" south of the Border, but criminals are switching to cigarette and alcohol smuggling, Revenue chairman Niall Cody says.

He credited a series of initiatives over the past five years for Customs officers' success in cracking down on the practice that causes millions of euro in environmental damage.

"It is not eliminated on the island but we are very satisfied that we have practically eliminated it on this side of the Border," Mr Cody said, adding: "There's no doubt that the people who were involved in organised excise fraud, they have not stopped doing something."

He said that they were moving into the areas of cigarette and alcohol smuggling.

Asked about the 50c Budget hike in excise on cigarettes, he said: "It's a constant battle between ourselves and the UK to see who has the highest prices. Now with the way sterling has been going, we're probably first again."

Irish Independent

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