Sunday 18 March 2018

How does your name end up on Revenue list?

MICK Wallace's construction firm was just one of 129 tax settlements published by the Revenue Commissioners yesterday.

The Independent TD's €2.1m settlement was one of the largest sums detailed -- and is one of five for more than €1m.

The settlements published relate to the first three months of the year and total €29.6m.

But there are still specific criteria for being named and shamed on the defaulters' list.

The list is published in two parts. Part 1 lists people who got a fine or other penalty when their case went to court for offences such as failure to file a tax return, filing an incorrect return, illegal sales of tobacco, cigarette smuggling and excise and licensing offences.

Part 2 lists people whose case resulted in the Revenue taking a sum above €12,700 or €30,000 or €33,000, depending on the periods in which the tax liabilities arise.

The sum includes liabilities due for tax, interest and penalties from a settlement.

Irish Independent

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