A LIMERICK businessman is among those to have made a six-figure settlement with the Revenue, in the latest list of tax defaulters published.
Car dealer Joseph Kelly, of Main Street, Shanagolden, county Limerick, has agreed a total settlement of €168,055 for under-declaration of VAT, under a Revenue audit case.
This figure includes €116,150 in tax, €28,675 in interest, and €23,230 in penalties.
Separately, Killian Cleary, of Banklodge, Corcamore, Clarina, who is listed as being involved in courier/delivery services, has been fined €1,250 for failure to lodge income tax returns.
In relation to the illegal selling of cigarettes, Karlo Kraljic, of Upper William Street, Limerick city, was fined €2,500.
In the three-month period to 30 September 2016, 64 taxpayers in total were included on the list, which was published this Tuesday.
The settlements in these cases total €12.74m.
Of the 64 published cases, 32 were for amounts exceeding €100,000; of which eight exceeded €500,000.
The published settlements reflect a portion only of all Revenue audits and investigations concluded in the three-month period to 30 September 2016.
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, the Revenue has stated.
A total of 1,401 Revenue audit and investigations together with 23,616 risk management interventions were settled in the period 1 July 2016 to 30 September 2016, resulting in yield of €100.3m, including tax, interest and penalties.
Where a taxpayer has, in advance of any Revenue enquiry, voluntarily furnished complete information relating to undisclosed tax liabilities, and paid the tax and interest due, (made a qualifying disclosure of tax defaults), settlements or penalty determinations are not published. A qualifying disclosure may be made at the start of a Revenue Audit and publication will be avoided.