Former Government press secretary Frank Dunlop hit with €429k tax bill
FORMER Government press secretary Frank Dunlop has been hit with a €429,000 tax bill following an investigation by the Revenue Commissioners.
The disgraced public relations executive, jailed in 2009 for corruption, was among 108 tax defaulters named by the taxman today.
Mr Dunlop (67), with an address at Rathbeggan, Dunboyne, Co Meath, was named after under-declaring income tax and VAT which arose during an investigation by the revenue.
He joins former champion jockey Charlie Swan (46), who was forced to hand over almost €123,000 after under-declaring income tax which was discovered following an investigation.
Mr Swan, with an address at The Cobs, Modreeny, Cloughjordan in Co Tipperary, quit training earlier this year.
The three-times winner of the Cheltenham Champion Hurdle on Istabraq, one of the Grade One successes for his Cloughjordan yard in Co Tipperary was a horse called Offshore Account.
He shocked the racing world earlier this year when he announced he was quitting the training ranks.
At the time, he told the Press Association: "It's just got a bit difficult, we don't have as many horses here now and it's time to get out really.
"With the costs of labour and everything else, the rising costs and less horses, it's not as easy as it was."
He retired from the saddle in 2003.
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 Humphrey Onone Ugbawa, with an address at The Green, Ocean Links, Strandhill in Co Sligo.
He was found to have under-declared tax totalling €908,327, with interest of €182,000 and penalties of €454,000 added.
Mr Dunlop, described as a public relations consultants, was found to have under-declared tax totalling €192,313, of which interest of €179,000 and penalties of €57,000 were added – resulting in a total settlement of €429,198 being made.