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Revenue collected €158m in final quarter

Revenue - 131 published tax defaulters
Revenue - 131 published tax defaulters

The Revenue collected €158.55m from tax defaulters in the three months to the end of December in settlements, bringing the total the exchequer received from defaulters in 2006 to around €585.5.

The Revenue today published a list of 131 tax defaulters from whom it accepted €35.4m in settlement during the three month period. 

The list includes businessman Sean Barron, of Brooklands, Ballinclea Road, Killiney, Co Dublin who settled for €6.4m as a result of operating a bogus non-resident bank account, holding undeclared assets offshore, as well as underpaid income tax and VAT.

Mr Barron's businesses include the Pamela Scott and Richard Allen chains of clothing stores.

Almost €5m of Mr Barron's settlement related to interest and penalties charges imposed by the Revenue.

The second highest tax settlement listed was made by retired veterinary Surgeon Patrick Maughan of Ballina Road, Crosmolina, Co Mayo, who paid €3m after a Revenue audit.

The third highest was John McCreesh from Rock Road, Blackrock, Co Louth, who paid more than €2.84m also as a result of a Revenue audit.

Six of the settlements exceeded €1m, 8 were for between €500,000 and €1m, while 63 were for less than €100,000.

Forty of the cases related to the operation of bogus non-resident accounts, two concerned Ansbacher account holders, 22 related to offshore assets, while another 30 resulted from the Revenue investigation into Single Premium Insurance Products.