Judge questions whether property developer accepts responsibility for tax offences

Judge questions whether property developer accepts responsibility for tax offences

A judge has questioned whether a property developer, who owes more than €1m in unpaid taxes and penalties, accepts responsibility for his offences, a court has heard.

James Jordan (aged 51) of Laochfail, Outfarm Lane, Castleknock, Dublin, pleaded guilty at Dublin Circuit Criminal Court to knowingly and wilfully submitting 16 incorrect VAT returns, six incorrect income tax returns, four incorrect invoices and three false claims of income tax relief.

Judge Sinéad Ní Chúlacháin said she had concerns with a report regarding his fitness for community service in which Jordan presented his fraudulent claims as an “oversight” on his part and said that certain of his employees had been responsible.

Judge Ní Chúlacháin said this made her concerned that either she had attributed a moral complicity to Jordan that was undeserved or that there were issues with his acceptance of responsibility.

Séamus Clarke SC, defending, handed in a signed agreement between his client and Revenue that Jordan will pay around €5,000 a month. Jordan has already made payments totalling €57,500.

The court heard that Jordan came to the attention of a special Revenue unit looking for high-wealth individuals due to his having a large property portfolio in the 2000s.

Former Revenue Officer Elizabeth Keane testified that Jordan was required to pay capital gains tax on the sale of five properties which he sold for a total value of €1,960,500 between 2004 and 2010 and that he failed to do so.

She said the tax returns he submitted during that period were incorrect due to the failure to pay capital gains tax. He also submitted four incorrect invoices which lowered his VAT liability.

Judge Ní Chúlacháin noted that Jordan had failed to pay tax on rental income and had waived a tax exemption on this income which he was entitled to in order to offset it elsewhere.

She said he made a number of false claims for Income Tax relief for properties he owned. This relief was ineligible because the properties were not registered to the PRTB.

The total figure owed by Jordan when interest and penalties were factored in was €1,236,881. This figure includes a VAT liability of €162,945 and a liability for €297,974 in capital gains tax.

The balance of €775,962 owed by Jordan was made up of interest and penalties.

Jordan has one previous conviction from 2017 for failure to file an income tax return.

Mr Clarke said Jordan ran a carpet business and that people would lose their jobs if he was given a custodial sentence.

Judge Ní Chúlacháin ordered an updated probation report and adjourned the matter for sentencing on February 18 of this year.

More on this topic

Cork man claims man 'laughing away' during court hearing gifted him cash seized during Garda raidCork man claims man 'laughing away' during court hearing gifted him cash seized during Garda raid

Murder accused 'wouldn’t be in current situation' had she not been abused as child, court hearsMurder accused 'wouldn’t be in current situation' had she not been abused as child, court hears

'Those cows would have been coming to me” - Cork farmer claiming €1.6m in damages"Those cows would have been coming to me” - Cork farmer claiming €1.6m in damages

Publisher allowed keep home following settlement of dispute with financial fundPublisher allowed keep home following settlement of dispute with financial fund

More in this Section

Murder accused 'wouldn’t be in current situation' had she not been abused as child, court hearsMurder accused 'wouldn’t be in current situation' had she not been abused as child, court hears

Boy, 17, missing in DublinBoy, 17, missing in Dublin

'Those cows would have been coming to me” - Cork farmer claiming €1.6m in damages"Those cows would have been coming to me” - Cork farmer claiming €1.6m in damages

'We'd prefer to be working' - Ambulance staff begin second day of strike over union recognition'We'd prefer to be working' - Ambulance staff begin second day of strike over union recognition


Lifestyle

Garbage offered a pop twist on grunge’s maximalist angst when they materialised in a dramatic swirl in the mid-Nineties. Like a candy-cane Nirvana, they were bleak and baroque but with tunes you could hum in the dark.Garbage's return to Dublin well worth the wait

Circle back to fashion's hottest retro print, says Annmarie O'Connor.Trend of the Week: Circling back to fashion's hottest retro print

Ever wondered what it would be like to move lock, stock and barrel into a tiny home, like the ones on Netflix’s Tiny House Nation?Are you ready to join the tiny-house movement?

Kya deLongchamps reports back on the performance of her photovoltaic array and wonders if it could handle the addition of an electric carDIY: Get ready for a natural high

More From The Irish Examiner