Psychic fails to foresee €210,500 tax bill

 

A self-proclaimed Irish psychic obviously never saw the future coming when she was landed a bill of €210,565, including fines and interest of more than €100,000, for underdeclaration of income tax, PRSI and VAT.

Angel shop proprietor Ann O’Connor, who provides card readings to guide people with regard to making decisions on their future, accumulated interest of €23,523 on tax underdeclared.

Ms O’Connor runs Ann’s Angels, an angel shop and holistic centre in Wexford, where she teaches courses in psychic development, clairvoyance and mediumship. She received penalties of €80,161 for underdeclaring her tax by €106,881.

Also on the list of tax defaulters, published yesterday by the Revenue Commissioners, was Kevin James, a Donegal-based money lending agent, who might need a loan himself after being landed with a bill of €177,800 for underdeclaration of income tax after an audit.

Total bill

Mr James, of Glenwood Park, Letterkenny, received a fine of €32,534 for underdeclaring his tax by €108,449. He also accumulated interest of €36,817, leaving him with a total bill of nearly €180,000.

A trade union, a Liechtenstein-based trust, a property firm and a motor company are among other 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 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, Dublin, was left with a bill of €146,871.83 in tax, interest and penalties for the underdeclaration 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.

John McCarthy Motors of Fermoy, Co Cork, which Revenue said was in liquidation, was hit for €2.6 million in tax, interest and penalties for underdeclaration of VAT, while Keppleson Properties Ltd, with an address in Ballsbridge, Dublin, made a settlement of more than €1.27 million for non-declaration of Capital Gains Tax.

Not all tax settlements are published in the quarterly list. Revenue said where a taxpayer has voluntarily furnished information to the tax authorities before an 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 between July 2012 and September 30th,2012, as well as more than 12,200 risk management interventions.

A total of €87.04 million was yielded during the period.