O’Connor on tax defaulters list after €160,304 settlement
Plastic surgeon, retired builder and aircraft painting firm all included on defaulters’ list
Sinead O’Connor made a settlement with Revenue of €160,304 for the under-declaration of PAYE and PRSI.
Singer Sineád O’Connor has appeared on the latest tax defaulters’ list after making a settlement of €160,304 with Revenue for the underdeclaration of PAYE and PRSI.
O’Connor (49), whose address was given as Strand Road, Bray, Co Wicklow, agreed a settlement of €90,543 to which a further €69,761 in interest and penalties was attached.
The musician recently accused a former agent of defrauding her of thousands of euro in relation to three concerts in Germany last year
She posted a document on Facebook, which appeared to show she was paid just €500 for the gigs while her agent at the time got €11,700 for production costs and commission.
The singer, whose biggest hit was her 1990 version of the Prince song Nothing Compares 2 U, is separately being sued for up to $5 million (€4.4 million) by US comedian and talk show host Arsenio Hall over comments she made in the wake of Prince’s death in April.
Attempts to contact the singer were unsuccessful.
Tax defaulters' list: Parts 1 and 2
The two biggest settlements on the latest list of defaulters were made by a Co Meath builder and a Dublin aircraft-painting company.
James Farrell, formerly of James J Farrell Construction but now listed as a retired company director from Oldcastle Road, Kells, made a settlement of €1.4 million, comprising €686,341 in tax and an additional €731,705 in interest and penalties, for the non-declaration of capital gains tax and VAT.
Aircraft painters and glaziers IAC Graphics, with an address in IAC House, Dublin Airport, meanwhile, made a settlement for €1.1 million, comprising €582,079 in tax and an additional €540,273 in interest and penalties, for the under-declaration of VAT, PAYE/PRSI and corporation tax.
There were eight settlements involving sums over €500,000, including one relating to Dublin office supply firm BizQuip.
The company with an address in Sandyford Industrial Estate, Dublin18 made a settlement for €925,463 for the under-payment of PAYE and PRSI. The case was one of three cases, yielding €1.37 million, related to the Revenue’s investigation into offfshore assets and funds.
HM Yachts Limited, a Cork firm listed as boat sales agents, made a settlement for €923,782 for the underpayment of VAT.
Plastic surgeon Kevin Cronin, with an address in Eccles Street, Dublin7, made a settlement of €534,252 for the under-declaration of income tax.
The list, covering the three-month period from April to June, contains 101 individuals and businesses. The settlements in these cases totalled €17.44 million.
Settlements are only published when voluntary disclosure options are not taken and the default arises as a result of what Revenue describes as “careless or deliberate behaviour”.
A total of 1,734 Revenue audit and investigations, together with 23,987 risk management interventions were settled in the period, resulting in a yield for the Revenue of €125.3 million.