Trade union on tax defaulter list
A trade union, a Liechtenstein based trust, a property firm and a motor company are among the names appearing on the latest Revenue Commissioners list of tax defaulters.
The list, which covered the three months to the end of September, included 113 published settlements with a total value of €21.35 million. The figures include tax due, interest and penalties.
Of the 113 cases, three settlements were for more than €1 million.
The Building and Allied Trades Union, based on Blessington Street in Dublin, was left with a bill of €146,871.83 in tax, interest and penalties for the under-declaration of PRSI and PAYE liabilities.
Liechtenstein based trust Fondation Quatre Chevaux ran up a bill of €3.2 million in tax, interest and penalties for underdeclaration of Discretionary Trust Tax. The settlement followed an offshore funds investigation case, Revenue said.
John McCarthy Motors of Fermoy, Co Cork, which Revenue said was in liquidation, was hit with a €2.6 million in tax, interest and penalties for underdeclaration of VAT.
Keppleson Properties Ltd, with an address in Ballsbridge, Dublin, was left with a bill of more than €1.27 million for non-declaration of Capital Gains Tax.
Not all tax settlements are published in the quarterly list. According to the Revenue, where a taxpayer has voluntarily furnished information to the tax authorities in advance of the inquiry relating to undisclosed tax liabilities, and paid the tax and interest due, settlements and determinations are not published.
A total of 2,084 Revenue audits and investigations took place during the period, as well as more than 12,200 risk management interventions. A total of €87.04 million was yielded during the period.