Revenue Commissioners receive almost €25m in tax settlements from defaulters

Revenue Commissioners receive almost €25m in tax settlements from defaulters

Three businessmen have made settlements of more than €1m with tax inspectors

The largest sum detailed in the latest Defaulters List was paid out by Michael Murphy, a company director from Highfield Road in Rathgar, Dublin, after he was investigated over offshore assets.

He forked out €7m which included more than €2m in unpaid taxes.

Another settlement was made by James Spollen, from Clara Road in Tullamore, who was left footing a bill for €1.04m after being audited by Revenue's tax experts.

The third of the big payments was made by retired company director John Tierney, of Knapton Road in Dun Laoghaire, who paid the state €1.49m in taxes, interest and penalties.

The Revenue said that in the three months to the end of March 100 settlements with taxpayers were finalised, bringing in €24.7m for the state.

They included six cases worth more than €500,000 euro and six cases linked to Revenue inquiries into offshore assets and funds which saw the state collect €9.2m.

The list of people making settlements included the usual mix of publicans, builders, landlords, company directors and farmers but also had hairdressers and barbers, medics, a fun fair operator, a casino boss in Kerry and a private investigator in Dublin.

Revenue said only a small proportion of settlements are published when extensive voluntary disclosure options are not taken up and the default arises as a result of careless or deliberate behaviour.

It said 1,618 audits and investigations were finalised from January to the end of March, bringing in €155m for the state.

You can view the full list of defaulters here.

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