Limerick-based builder agrees tax settlement with Revenue

David Hurley

Reporter:

David Hurley

Email:

david.hurley@limerickleader.ie

Limerick-based builder agrees tax settlement with Revenue

The Revenue Commissioners has published its latest List of Tax Defaulters

A LIMERICK-based builder has agreed to pay more than €50,000 in interest and penalties relating to the under-declaration of VAT and Income Tax, it has been revealed.

According to the latest List of Tax Defaulters, which was published by the Revenue Commissioners this Tuesday, Michael O’Brien, who has an address at 56 Monaleen Park, Castletroy agreed to pay a total of €111,418.

The settlement includes the payment of €60,980 in tax as well as interest (€38,110.00) and penalties (€12,328.00).

Details of a number of settlements under section 1086 of the Taxes Consolidation Act, 1997 have also been included in the List of Tax Defaulters.

All of the settlements were agreed with Revenue between July 1, 2018 and September 30 2018.

Joseph Keogh – a plant hire operator with an address at The Olde Orchard, Killoughteen, Newcastle West – agreed to a total settlement of €45,936.08 relating to the under-declaration of VAT and Income Tax and the non-declaration of PAYE/PRSI/USC.

His settlement consists of tax (€21,490.51), interest (€15,849.3) and penalties (€8,596.20).

First Choice Financial Services DAC, which has a registered address at Riverpoint, Lower Mallow Street, Limerick  reached a settlement totalling €69,578 relating to the under-declaration of PAYE/PRSI/USC.

The settlement agreed by the financial services provider includes interest of €12,686 and penalties of €13,129.

Details of Revenue prosecutions finalised before the courts between July and September have also been published.

Six of the nine Limerick cases related to the failure to lodge income tax returns.

Two related to the illegal sale of cigarettes while one case related to the used of marked mineral oil (green diesel) by a Limerick-based haulage company.

According to Revenue, fines were imposed by the presiding judge in each case.