Four €1m settlements in tax list
Tuesday, 15 September 2009 16:05
Revenue has published a list of tax defaulters from whom it has recouped a total of €17.56m.
The total yield from Revenue settlements between April and June - including defaulters not named in today's list - was €179.4m.
The biggest individual case involves a tax settlement of €2,565,442 by solicitor Barry Fitzgerald of Kiltartan House, Forster Street, in Galway. There were four cases in which the amount of tax owed was more than €1m. 38 of the published settlements were for amounts exceeding €100,000.
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The next highest settlement was by fisherman Cornelius Minahane, of Curramore, Filane, Castletownbere who had to pay just under €1.2m. Another Galway solicitor, Gerard A Moylan of Lake Road, Loughrea settled for almost €1.29m.
The fourth settlement exceeding 1 million euro was by business and management consultant Paul McGlade of 29 Upper Merrion Street, Dublin 2. He paid Revenue just over €1m.
Also on today's list of tax defaulters is Fine Gael councillor Anne Devitt of Lispopple in Swords. The Fingal councillor made a settlement of €50,000 for under-declaration of income tax and capital gains tax. This included interest and penalties of almost €20,500.
The owner of a lap dancing club in Dublin's Leeson Street also made a substantial settlement with Revenue. Mary Cullen, who is listed as a private members' club proprietor of 44 Lower Leeson Street, Dublin 2 paid €261,000 for under-declaration of VAT and PAYI/PRSI.
The list also includes jockey James Spencer of Grange House Stables, Hamilton Road, Newmarket, Suffolk in England who paid Revenue €102,855 for under-declaration of capital gains tax.
Tax defaulters are liable to be named publicly only if the total amount of tax, interest and penalties owed exceeds €30,000, where the penalty exceeds 15% of the amount of the tax owed, and where there has been no voluntary disclosure.
Of the 87 settlements, 36 relate to the so-called special investigations involving Ansbacher and bogus non-resident accounts, offshore funds, and single premium insurance products cases.
Tuesday, 15 September 2009 16:05
Revenue has published a list of tax defaulters from whom it has recouped a total of €17.56m.
The total yield from Revenue settlements between April and June - including defaulters not named in today's list - was €179.4m.
The biggest individual case involves a tax settlement of €2,565,442 by solicitor Barry Fitzgerald of Kiltartan House, Forster Street, in Galway. There were four cases in which the amount of tax owed was more than €1m. 38 of the published settlements were for amounts exceeding €100,000.
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The next highest settlement was by fisherman Cornelius Minahane, of Curramore, Filane, Castletownbere who had to pay just under €1.2m. Another Galway solicitor, Gerard A Moylan of Lake Road, Loughrea settled for almost €1.29m.
The fourth settlement exceeding 1 million euro was by business and management consultant Paul McGlade of 29 Upper Merrion Street, Dublin 2. He paid Revenue just over €1m.
Also on today's list of tax defaulters is Fine Gael councillor Anne Devitt of Lispopple in Swords. The Fingal councillor made a settlement of €50,000 for under-declaration of income tax and capital gains tax. This included interest and penalties of almost €20,500.
The owner of a lap dancing club in Dublin's Leeson Street also made a substantial settlement with Revenue. Mary Cullen, who is listed as a private members' club proprietor of 44 Lower Leeson Street, Dublin 2 paid €261,000 for under-declaration of VAT and PAYI/PRSI.
The list also includes jockey James Spencer of Grange House Stables, Hamilton Road, Newmarket, Suffolk in England who paid Revenue €102,855 for under-declaration of capital gains tax.
Tax defaulters are liable to be named publicly only if the total amount of tax, interest and penalties owed exceeds €30,000, where the penalty exceeds 15% of the amount of the tax owed, and where there has been no voluntary disclosure.
Of the 87 settlements, 36 relate to the so-called special investigations involving Ansbacher and bogus non-resident accounts, offshore funds, and single premium insurance products cases.
