Friday 13 December 2019

Revenue settlement of €13.5m is largest in 8 years

Singer Robert Mizzell appears on the list
Singer Robert Mizzell appears on the list
Shane Phelan

Shane Phelan

A RETIRED businessman has made a €13.5m settlement with the Revenue Commissioners, the largest in eight years.

Former company director Anthony Cafferkey was investigated for under declaration of tax and the use of a bogus non-resident account.

His name appeared on a list of 117 tax defaulters who reached settlements with the Revenue in the three months up to the end of June.

The list also includes country and western star Robert Mizzell and a company owned by hairdresser to the stars Shay Dempsey.

Mr Cafferkey, with an address in Irvinestown, Co Fermanagh, was listed as having unpaid taxes of €6m. He was also hit with interest of €3.2m and penalties of €4.2m.

Three other investigations involving bogus non-resident accounts and offshore assets netted the revenue €400,000.

Mr Cafferkey's settlement is the largest since 2006 when Bovale Developments, the company owned by builders Michael and Tom Bailey, was hit for €22m.

Revenue officials said 59 of the settlements detailed in the yesterday's quarterly list exceeded €100,000. Six of these were for in excess of €500,000.

Mr Cafferkey's settlement was the largest on the list.

The next biggest settlement, for some €1.95m, was made by Dublin businessman Fergus O'Brien.

Mr O'Brien, with an address at Auburn Drive, Killiney, was found to have made a VAT and PAYE/PRSI under-declaration of €742,258.

Following a Revenue audit he was also charged interest of €652,877 and had to pay €556,693 in penalties.

Meanwhile, a hair salon in Dublin city centre, which is now in liquidation, came to a settlement totalling €1.3m in taxes, interest and penalties.

HSE Salon Ltd, owned by hair stylist Shay Dempsey, made the settlement after being found to have under declared VAT and PAYE/PRSI.

The business entered liquidation three years ago.

The settlement was made up of €558,976 in taxes, €196,882 in interest and €558,976 in penalties.

Celebrity

Mr Dempsey, who has an address in Dundrum, is currently living and working in Los Angeles.

He has held important roles at London Fashion Week and has had a long list of celebrity clients, including Gabriel Byrne, Alicia Silverstone, Kenneth Brannagh, Kirsten Dunst, Helena Christiansen, Heidi Klum and Renee Zellwegger.

The defaulters list also included popular country singer Robert Mizzell. A former US soldier originally from Louisiana, he has been living in Ireland for the past 20 years and made a settlement of €60,000 after under-declaring income tax.

Mr Mizzell, with an address in Ballynagore, Co Westmeath, was hit with the bill after a Revenue audit. The sum involved tax of €38,802, interest of €9,558, and penalties of €11,640.

A Co Roscommon publican and shopkeeper made a settlement of €668,994 arising from the under declaration of income tax, capital gains, and VAT.

Margaret Keane, from Cloonfad, owed taxes of €377,069 and was hit with interest of €178,806 and penalties of €113,119.

Michael Gill, a taxi driver from Hillcrest Park in Glasnevin, Dublin, made a €636,447 settlement for under declaring income tax.

The sum was made up of €302,846 in unpaid tax, €106,469 in interest and €227,132 in penalties.

Irish Independent

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