Trust behind Cork City FC and GAA manager among latest tax defaulters published by Revenue

Trust behind Cork City FC and GAA manager among latest tax defaulters published by Revenue

36 cases involving settlements totaling just under €8m were published today by the Revenue Commissioners.

Settlement cases are published when the extensive voluntary disclosure options are not availed of and the default arises because of careless or deliberate behaviour.

Of the 36 cases published 13 cases were for amounts exceeding €100,000, five exceeded €500,000 and two exceeded €1m.

In nine cases the settlement was not fully paid as at 30 September 2019 with the total unpaid as at 30 September 2019 being €3,238,262.

The Revenue pointed out that published settlements reflect only a portion of all Revenue audits and investigations and in the three-month period to 30 September 2019, a total of 683 Revenue audit and investigations, together with 20,554 Risk Management Interventions (Aspect Queries and Profile Interviews), were settled, resulting in yield of nearly €100m in tax, interest, and penalties.

The largest settlement related to carpet retailer, director and landlord, James J Jordan of Outfarm lane, Castleknock, Dublin 15, who had a listed penalty totalling €1.4m which has been paid.

The second largest settlements related to a safe retailer and secure stoarge provider, Paul Ellard, of Surgalstown South, SWords, Dublin who had a listed penalty totalling €1.17m with that amount still outstanding.

Among the other listed defaulters were the Trust behind Cork City Football Club, The Friends of The Rebel Army Society, with an address at Bishopstown stadium, Curraheen Road, Bishopstown who were listed with a total penalty of €88,000 which has been paid.

Reacting this afternoon the club said on a statement they could confirm it had reached a settlement with the Revenue Commissioners totalling €88,817.02, including penalties and charges.

It said the settlement related to VAT returns, and arose out of an incorrect interpretation of the rules relating to VAT being reclaimed by CCFC for certain football related expenses.

The club said the issue relates to the period from 1 January 2016 to 31 August 2017 and the sum owed to Revenue had been paid in full, had been fully settled and would not have any impact on the future dealings or operations of the football club.

Cork City were joined on the list by Monaghan GAA manager, farmer and company director Seamus McEnaney, with a total penalty of €171k which has been paid.

SeamusMcEnaney
SeamusMcEnaney

More on this topic

Making Cents: Tax refund would be welcome at an expensive timeMaking Cents: Tax refund would be welcome at an expensive time

Pointers to getting the most from tax reliefsPointers to getting the most from tax reliefs

Donohoe responds to corporation tax warningsDonohoe responds to corporation tax warnings

Google Ireland pays €272m in corporation taxGoogle Ireland pays €272m in corporation tax

More in this Section

Tech firm Horizon8 picks Cork as Europe HQTech firm Horizon8 picks Cork as Europe HQ

Abbey eyes more Irish work as profits fallAbbey eyes more Irish work as profits fall

Providence shares see bounce on Tony O’Reilly exitProvidence shares see bounce on Tony O’Reilly exit

Legislation to test self-driving cars on Irish roads approvedLegislation to test self-driving cars on Irish roads approved


Lifestyle

This Christmas remember that there is no such thing as cheap food.Buy local: Use your LOAF

As we wait, eager and giddy, a collective shudder of agitated ardor ripples through the theatre, like a Late, Late Toyshow audience when they KNOW Ryan’s going to give them another €150 voucher. Suddenly, a voice booms from the stage. Everyone erupts, whooping and cheering. And that was just for the safety announcement.Everyman's outstanding Jack and the Beanstalk ticks all panto boxes

Every band needs a Bez. In fact, there’s a case to be made that every workplace in the country could do with the Happy Mondays’ vibes man. Somebody to jump up with a pair of maracas and shake up the energy when things begin to flag.Happy Mondays create cheery Tuesday in Cork gig

More From The Irish Examiner