Monday 19 February 2018

Defaulters pay €13.2m in fines and back taxes

Shane Hickey

TAX defaulters paid over €13.2m in back taxes, interest and penalties over a three-month period.

The Revenue Commissioners have released details of how 72 different settlements were made between July and September.

The highest settlement was made by Robert Galbraith, a company director from Kate's Cottage, Curracloe, Co Wexford, who paid out over €1,875,000.

Meanwhile, James Geoghegan, a grocer from 2 John Street South, Pimlico, in Dublin 8, paid almost €690,000 in taxes and just over €831,000 in interest and penalties -- totalling almost €1.52m -- according to details published in 'Iris Oifiguil', the State's official gazette. Both were found to have underdeclared income tax and VAT.

In April 2005, the Revenue Commissioners launched an investigation to identify people who invested untaxed funds in single premium insurance products.

John J Brennan, an accountant, farmer and property developer from Bawndaw, Gracedieu east, in Waterford, paid almost €680,000 for the underdeclaration of income tax and capital gains tax.

Nightclub proprietors Joseph and Ann Corcoran from Castelbar Street in Westport, Co Mayo, paid over €605,000 for underdeclaring VAT and PAYE/PRSI. Dental technician Gerard Field, from 14 Rathmore Avenue, in Stillorgan, Co Dublin, paid €639,602 for underdeclaring income tax.

The Revenue Commissioners also published a list of all those who had been fined in the courts under the 1997 Taxes Consolidation Act over the third quarter of this year.


Among these was the actor, writer and presenter Paraic Breathnach of 4 St Johns Place, off Henry Street, in Galway, who featured in the RTE comedy 'Killinaskully'. He was fined €1,250 for one charge of failing to lodge an income tax return.

Meanwhile, 30 people were fined for cigarette smuggling and 11 for illegally selling cigarettes. Retail Ireland said cigarette smuggling was costing the economy €500m in lost revenue.

Retailers Against Smuggling called for higher fines.

A Revenue Commissioners' spokesman said they had seized 160 million cigarettes this year.

Irish Independent

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