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Revenue recoups €154m from building firms

Revenue - 3,800 construction audits in 2007
Revenue - 3,800 construction audits in 2007

A trawl of construction companies by the Revenue Commissioners yielded a total of €154m last year.

The figure is included in preliminary business figures published today.

Revenue conducted 3,807 audits of construction firms in 2007 which saw building companies pay a total of €129m in interest, tax and penalties.

In addition it conducted 40,000 assurance checks when documents indicated there could be unusual activity in certain transactions.

These checks yielded a further €21m.