Tax defaulters in Limerick listed by Revenue

Anne Sheridan

Reporter:

Anne Sheridan

Revenue has published a list of 103 tax defaulters for the first quarter of this year online
THE Revenue has published a list of 103 tax defaulters for the first quarter of this year, including three business people in county Limerick who have been fined.

THE Revenue has published a list of 103 tax defaulters for the first quarter of this year, including three business people in county Limerick who have been fined.

The list, which was published online this week, shows that company director and quantity surveyor Michael Henley of Curraghlahan, Cappamore, owes a total of €56,264, including interest and penalties for an under declaration of income tax, PAYE/PRSI and VAT, as a result of a Revenue audit case.

Retailer Emmaline Madigan, of Newcastle West, owes €93,902.19, including interest and penalties for an under declaration of income tax and VAT.

Publican Sheila McHugh of Sarsfield Street, Kilmallock, owes €76,451 for an under declaration of income tax and VAT in another Revenue Audit Case, including interest and penalties amounting to nearly €20,000.

In the three-month period to March 31, 2015, 103 taxpayers were subject to settlements in these cases amounting to a total €21.3m.

Of the 103 published cases, 45 were for amounts exceeding €100,000; of which 5 exceeded €500,000; four of which exceeded €1m.

Six of the 103 settlements published, yielding €0.71m, relate to Revenue’s investigation into Offshore Assets/Funds.

The published settlements reflect a portion only of all Revenue audits and investigations concluded in the three-month period to March 31.

Settlements are only published when the extensive voluntary disclosure options are not availed of and the default is as a result of careless or deliberate behaviour.

A total of 1,678 Revenue audit and investigations together with 24,394 Risk Management Interventions were settled in the period from January 1 to March 31 this year, resulting in yield of €171m.