Revenue gets €17m from tax defaulters

TAX defaulters have paid €17.1 million in settlements and fines to the Revenue Commissioners.

Among the high profile names was Dublin restaurant Fallon & Byrne, which was obliged to pay out €733,0000 tax, interest and penalty charges.

In a related case, one of the restaurant’s directors, Paul Byrne of Whitechurch Hill, Ballyboden, Dublin 16, and his father, Peter Byrne, of Walshestown Newbridge, Co Kildare, paid out €644,000 for under declaring their VAT, PAYE and PRSI liabilities.

And in a separate case Paul Byrne also had to pay over another €74,000.

Revenue’s latest list shows tax defaulters had to cough up a total of over €17.1m involving 83 settlements in the three months to the end of June. The published settlements reflect a portion of all Revenue audits and investigations concluded in the three-month period to June 30, 2010.

The total yield from Revenue audit and investigation programmes settled in the period April 1, 2010, to June 30, 2010 was €120.1m.

Revenue said 17 cases totalling €3.37m are linked to their investigation into single premium insurance products, while seven relate to its investigation into offshore funds.

There were three settlements of more than €1m.

Josephine Meow Yoong Kam, a restaurateur, of 8 O’Connell Street, Waterford, paid just under €1.15m for under declaration of income tax and VAT. The figure included €823,037 in undeclared PAYE/PRSI as well as €850,390 in fines and penalties.

Solicitor and property investor Robert C Walsh of Balnagowan House, Dartry, Dublin 6, paid out €1.36m for under declaration of income tax, capital gains tax and VAT.

However, translation company Wordperfect Translations of Fortlawn Park, Blanchardstown, Dublin recorded the highest settlement, €1.67m involving PAYE and PRSI.

Elsewhere, PA Dunne of Garryvoe, Co Cork, had to pay out over €973,000 involving under payments on PAYE/ PRSI, VAT and CPT. And Irish Car Rental, based in Westlink Business Park on Ennis Road, Limerick, hand over €834,157.

Meanwhile, two well known bars close to Dublin’s city centre, Cafe Bar and The Market Bar, were each fined €632 for not having a liquor licence.