Report: Directors should be liable

COMPANY directors who dodge tax should be made personally liable for PSRI contributions collected by the company on behalf of the state.

That is the key finding in the interim report of the Dáil Committee on Public Accounts into Fiduciary Taxes.

Revenue has written off €1 billion in PAYE, PRSI and VAT over the past 10 years due to company failures and non-compliance in many cases by rogue directors.