Nightclub operator Reynolds forced to hand over almost €500k to Revenue

Nightclub operator John Reynolds, who is the nephew of the former taoiseach, Albert Reynolds, has been forced to hand over almost €500,000 as part of an investigation into tax defaulters.

Pod Entertainment Ltd, run by the Electric Picnic organiser, has been ordered to make a settlement of €479,211 in unpaid tax, interest and penalties by the Revenue Commissioners.

A dentist, property developers and publicans were among the other 90 tax defaulter cases the Revenue Commissioners published yesterday making settlements totalling €14.96m.