A NUMBER of business people based in Limerick have made major settlements with the Revenue, according to the latest tax defaulters list.
The largest sum in Limerick was in respect of Edgar Marais, of Richmond Court, Dock Road, who is listed as being involved in the business of medical staff service providers.
As a result of a Revenue audit case, into under-declaration of Vat in this case, he was made to pay a total of €185,060.83, which included tax of €122,497.08, interest of €25,814.63, and penalties of €36,749.12.
The next highest payment made was in respect of Tom O'Leary, of Knockgreana, Old Pallas, who is involved in vehicle refrigeration and servicing provision.
In the second highest Revenue audit case in Limerick listed, he was ordered to pay some €45,790.61 for under-declaration of income tax and Vat, including tax of €28,407.20, interest of €6,020.53, and penalties of €11,362.88.
In a third Revenue audit case, Martin Casey, of Kileedy, Ballagh, whose listed occupation is a meat wholesaler and
distributor, was ordered to pay a total of €36,294, including tax of €24,580, interest of €4,340, and penalties of €7,374.
Nationally, in the three-month period to June 30, 101 taxpayers fall to be published, and the settlements in these cases total €17.44m.
Of the 101 published cases, 42 were for amounts exceeding €100,000; of which eight exceeded €500,000; two of which exceeded €1m.
Three of the 101 settlements published, yielding €1.37m, 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 30 June 2016.
Settlements are only published when the extensive voluntary disclosure options are not availed of and the default arises as a result of careless or deliberate behaviour.
A total of 1,734 Revenue audit and investigations, together with 23,987 Risk Management Interventions (Aspect Queries & Profile Interviews), were settled in the period 1 April 2016 to 30 June 2016 resulting in yield of €125.3m.
In a number of other smaller cases in monetary terms, the following payments were ordered:
Failure to Lodge Income Tax Return(s);
Gerard Breen, Bishop's Court, Newcastle West, Limerick. Property/land Developing. €2,500
William Joseph Butler, Templebraden, Pallasgreen, Limerick. Agricultural Contracting €1,250
Thomas Collins, Provincial House, Main Street, Abbeyfeale, Limerick. Auctioneer/estate agent €1,250
Andrew Fallon, Oakfield, Monaleen, Limerick. Accountant €1,250
Liam Kiely, Cullinagh Cottage, Killarney Road, Newcastlewest, Limerick. Tradesman/handyman €2,500
Marese McElduff, Raheen Gardens, Raheen, Limerick. Acupuncture Clinic €1,250
Denis Murphy, Kilgrogan, Adare, Limerick. Farmer €1,250
Peter Nash, Carnagh, Ballyhahill, Limerick. Farmer €15,000
Martin O'Sullivan, Monagea, Newcastle West, Limerick. Builder/carpenter €2,500
Richard Smith, Belfield House, Ennis Road, Limerick. Rental Income/landlord €1,250
Failure to Lodge Vat Return(s);
Brian Lenihan, the Paddocks, Westbury, Corbally, Limerick. Car Valeting €1,250
Failure to Deliver Statement of Affairs:
Martin O'Sullivan, Monagea, Newcastle West, Limerick. Farmer €1,250
Failure to Produce Books and Records:
Kenneth Guerin, Rathbane Road, Limerick. Electrical installer €1,500
Illegal Selling of Cigarettes;
Thomas Devereux, John Street, Limerick. Barman €2,500
Frain Klippelaar, Rosturra Crescent, Woodview Park, Limerick. Occupation: not known €2,500
Denise O'Dwyer, Abbeylocke, Corbally, Limerick. Occupation: not known €2,500
Misuse of Marked Mineral Oil;
Jody Ryan, Dromsally, Cappamore, Limerick. Company Director €2,500