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Calls for bosses to pay up

COMPANY directors who purposefully avoid the payment of PRSI contributions should be made personally liable.

The report of the Dail Committee on Public Accounts into Fiduciary Taxes has recommended that company law should be changed and that directors being appointed to limited liability companies should have a tax clearance certificate.

Revenue has written off €1bn in PAYE, PRSI and VAT over the past 10 years due to company failures and non-compliance in many cases by directors. In 2009 more than €202m was lost in revenue alone.