Tax defaulters cough up £4.9m
A Waterford building company which made a settlement of just under £1.8 million (€2.3 million) is one of 55 settlements for £4.9 million published in the latest issue of Iris Oifigi·il and is thought to be the largest published in the journal in recent years. Company principal Mr Noel Frisby also made a settlement of £128,341 in undeclared income tax.
The latest list includes six cases of settlements arising from the Revenue's National Irish Bank (NIB) inquiry and involve a hotel firm, a building firm, two publicans and their business, and a company director. The total involved exceeds £600,000.
Apart from Waterford's Pineview Construction and Mr Frisby there were seven settlements for six-figure sums.
Queens Hotel, Abbey Street, Ennis, Co Clare settled for £397,498 following a Revenue audit. The settlement involved corporation tax, VAT and PAYE, and included interest and penalties.
PC Boyd builders of Patrick Street, Tullamore, Co Offaly, paid £282,405 in a similar case but arising out of the NIB inquiry. Joseph Murphy & Co, (Tuam) Ltd, a building firm, Mill House, Henry Street, Limerick, paid £236,939 in a case involving similar taxes.
Higgins Builders (Portarlington), 12 Patrick Street, Portarlington, Co Offaly, made a settlement of £204,885. Fallmor Ltd, Castle Street, Roscommon, made a settlement of £164,658, in a case which formed part of the NIB inquiry.
Other settlements arising from the NIB inquiry were: Mr Godfrey Gibbons, publican, of Society Street, Ballinasloe, Co Galway, £38,716, in income tax, interest and penalties; Mr Raymond Gibbons, of the same address, £38,477 in income tax, interest and penalties; and Raymond and Godfrey Gibbons, same address, £39,217, in VAT, interest and penalties. Midland Radio Group, of Minard House, Sligo Road, Longford, paid £89,009 arising from the underdeclaration of VAT and PAYE.
The full list of tax settlements, fines and penalties published in the latest edition of Iris Oifigi·il is available on The Irish Times website at: www.ireland.com