Saturday 16 December 2017

Revenue serves up big fine to owner of top hotel

Shane Hickey and Anita Guidera

A PROMINENT hotelier and restaurateur, and a county council were named yesterday in the latest list of tax defaulters published by the Revenue Commissioners.

It has also emerged that Cork hurler Donal Og Cusack had to pay a court fine of €1,250 after failing to lodge VAT returns.

The latest list of audits and investigations published in 'Iris Oifigiuil' yesterday shows there were 88 settlements totalling €16.43m accepted in the first three months of this year following probes by the Revenue Commissioners.

Four settlements were for amounts of more than €1m.

Among those who were fined was hotelier and restaurateur Louis Murray, the owner of La Stampa Hotel on Dawson Street in Dublin, who made a settlement of almost €150,000 for the underdeclaration of income tax.

The offshore assets investigation case resulted in interest and penalties of €98,895 and a tax payment of €48,951 -- totalling €147,846. Mr Murray, with an address in Killiney in south Dublin, could not be contacted for comment last night.

Penalties

Donegal County Council made a settlement of just under €800,000 for the underdeclaration of PAYE and PRSI. This was made up of €252,153 in penalties and €547,775 in tax.

The matter had been brought to the attention of members of Donegal County Council last February when county manager Michael McLoone explained that the irregularities came about because of a change in the way travel and subsistence allowances were calculated.

He said measures had been put in place to ensure that it did not happen again.

The Hairy Lemon, a well-known Dublin pub, made a settlement of €260,000 for the underdeclaration of VAT which emerged during an audit.

The largest settlement was made by company director Oliver Scott, with an address at Coolaness on the Castleknock Road in Castleknock, Co Dublin. He paid €1,785,673 for the underdeclaration of income tax following an offshore assets investigation.

Murrays Rent A Car Ltd at Baggot Street Bridge in Dublin 4 had to pay €1,566,755 for the underdeclaration of VAT.

In total, four of the cases on the list of audit settlements were for over €1m. Two of the 88 cases were for bogus non- resident account holders while 13 were investigations into offshore funds.

Overall, the Revenue Commissioners said the total yield from investigations in the first three months of the year amounted to €114.3m.

Cork hurler Donal Og Cusack had to pay a fine of €1,250 in court earlier this year for the failure to lodge VAT returns -- this was in relation to a pub connected with him.

Restaurateur John Fortune Ltd, from Harbour House, Church Lane in Wexford, made a settlement of €1,386,245 for the underdeclaration of corporation tax, PAYE/PRSI and VAT.

Irish Independent

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