Revenue publishes latest tax defaulters listFriday 03 December 2010 19.31
The latest Revenue defaulters list shows that between the start of July and the end of September, 72 tax settlements were made, totalling more than €13.2m.
The largest settlement, a sum of €1.87m, was made by Robert Galbraith, described as a company director, from Kate's Cottage, Curracloe in Co Wexford.
According to Iris Oifigiúl, the settlement arose from an under-declaration of Income Tax and VAT, arising from a Deposit Interest reporting case and a Single Premium Insurance Products case.
The next largest settlement was made by grocer James Geoghegan, from South John Street in Pimlico in Dublin 8.
The amount, €1.519m, was also in respect of undeclared tax and VAT, which came to light during a Revenue investigation into Deposit Interest reporting and the use of Single Premium Insurance Products.
There were five other individual settlements of around or in excess of €0.5m each.
There were two settlements totalling €700,000 relating to the holders of bogus non-resident accounts.
A further eight settlements totalling €430,000 relate to Revenue investigations into offshore funds.
Nine, totalling €2.83m, relate to investigations by the Revenue Commissioners into the holders of Single Premium Insurance Products.
According to the Revenue Commissioners, the total yield from its audit and investigation programmes during the period in question was €84.2m, including tax, interest and penalties.
Revenue has also published its quarterly list of those who were fined or who had another penalty imposed upon them by a court.
In total, fines and penalties totalling more than €873,000 were imposed in 364 cases, which included the failure to file a tax return, the filing of an incorrect return, the smuggling and illegal sale of cigarettes and various excise and licensing offences.
30 of the cases related to cigarette smuggling, with the penalties ranging from €150 to €1,000 and a one-month suspended prison sentence.
A further 11 cases related to the illegal sale of cigarettes; with the penalties in these cases rising from a €2,500 fine to a four-month prison sentence.