Building firm claims Revenue wrong to withhold €1.3m

A BUILDING company in the Cunningham group of companies — Kanwell Developments — has argued before the High Court that the Revenue Commissioners has wrongly withheld €1.3 million allegedly due to it in VAT repayments by setting off those monies against the liabilities of other companies.

Kanwell has brought proceedings against the Revenue in which it is seeking declarations that there is no statutory basis for the Revenue setting off the VAT monies against the liabilities of other Cunningham companies. The case opened yesterday before Mr Justice John Hedigan and continues today.

Outlining the case, Conor Maguire SC, for Kanwell, said it is part of the Cunningham group of companies, which are involved in building and development.