Wednesday 26 June 2019

Ballyvourney company makes €846k settlement with the Revenue

Bill Browne

A food wholesaler based in Ballyvourney has made a settlement of more than €845,000 according to the latest tax defaulters list.

The settlement by Independent Irish Health Foods Limited with an address at Unit 12, Ballyvourney Industrial estate was among 65 published covering the period from July 1 to September 30 of this year, with a combined total of €12,905,935.75. 

The settlement by the Ballyvourney company, the third highest included on the latest defaulters list, arose in foot of a Revenue audit case relating to the under-declaration of PAYE/PRSI/USC and VAT. 

Their total settlement of €846,092.89 was comprised of €525,346.17 in tax, €127,487.32 in penalties and €193,359.40 in interest. 

Jeremiah O'Connor with an address at Killavoy, Banteer, whose occupation was listed as a coal and tyre retailer/farmer was also listed as making a settlement totalling €359,488 with the revenue. The payment, which arouse out of a Revenue audit case relating to the under-declaration of VAT included tax of €178,437, penalties of €53,531 and interest of €127,520. 

Brid Callanan, whose occupation was listed as a landlord with an address at 3 The Mews, Aherla was listed as making a settlement of €46,460 in relation to a Revenue enquiry case into the non-declaration of income tax. It consisted of €22,459 in tax, €16,855 in penalties and €7,157 in interest. 

Of the 65 published cases, 25 were for amounts exceeding €100,000, five of which exceeded €500,000 and two of which topped the €1 million mark.

The highest settlement on the list of €2,584,352.91was made by Monaghan-based Westenra Arms Hotel Limited.  

Settlements totalling €4,227,263.50 remained unpaid at the end of September and while revenue said it would "vigorously pursue" these, it conceded that in some cases, (such as company liquidation) this may prove not possible. 

The Revenue also published the names of five people from north and mid-Cork prosecuted for failing to lodge income tax return(s). Timothy Coleman, a blocklayer from Kealvargh, Ballingeary was fined €1,300 on a single charge; Raymond O'Sullivan of Woodbine House, Stoneview, Blarney; farmer John Sheehan of Aubane, Millstreet and Giedrius Lukosius a plasterer with an address at Bellevue Court, Mallow were each fined €2,500 relating to two charges apiece. Petru Munteanu, a car valet from Shoulders Lane, Mallow was fined €10,000 in relation to two charges. The aforementioned Giedrius Lukosius was also fined €1,250 relating to a separate charge of failing to lodge P35 return(s).