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Jewellery designer in €502,824 settlement with Revenue

The settlement was the largest listed on the Revenue tax defaulters' list for the three months to the end of last year
The settlement was the largest listed on the Revenue tax defaulters' list for the three months to the end of last year

A Dublin based jewellery designer has been found by Revenue to owe it €502,824 in unpaid tax, interest and penalties.

The case involving Christopher Osborne from Glen Ellen Park in Swords, Co Dublin arose from a Revenue enquiry and relates to the under-declaration of income tax.

Revenue calculated that Mr Osborne owed it €288,042 in unpaid tax, as well as interest of €128,370 and penalties of €86,412.

At the end of December last, he still owed Revenue €72,010.

The settlement was the largest listed on the Revenue tax defaulters' list for the three months to the end of last year.

The next biggest involved Industrial & Protective Coatings Limited, a producer and distributor of industrial and marine coatings, based in Ashbourne Business Centre in Co Meath.

It was found to owe Revenue €426,324, arising from the under-declaration of corporation tax, PAYE, PRSI and USC, following an audit by the tax authority.

Sugrue Excavation Ltd, a plant hire contractor from Beaufort in Killarney, Co Kerry, reached a settlement including unpaid tax, interest and penalties that totalled €258,490.

It was found to have under declared corporation tax, PAYE, PRSI, USC and VAT during a Revenue audit.

Sean O’Connor, a coach hire operator and farmer with an address at Castlelawn, Kilbrittain, Bandon in Co Cork was found to owe Revenue €229,072 for an under declaration of VAT when he was audited.

While photographer Kevin Abosch, from 93rd Street in New York City in the US was found to have under-declared income tax when he was audited by the tax collector.

His settlement totalled €183,241, including tax of €104,188, interest of €47,796 and €31,256 in penalties, which was all paid by the end of last year.

In total 23 settlements totalling €2.8m are listed on the latest tax defaulters’ list.

€159,723 of that money was still owed to Revenue at the end of last year.

A total of eight cases exceeded €100,000.

The names of those involved in a further 68 cases that received a court imposed fine, imprisonment or other penalty were also published today.

A total of €131,350 in fines were handed down on them.