Revenue garners €31m in interest payments and penalties from tax defaulters
By far the biggest settlement was with Anthony Cafferkey, a retired company director based in Irvinestown, Co Fermanagh, who made a settlement for €13,546,478. He had been investigated for a number of offences, including the use of bogus non-resident bank accounts and non-declaration of offshore assets as well as the under-declaration of income tax.
Mr Cafferkey’s tax bill came to €6.1m with a further €3.25m in interest and €4.2m in penalties. This is the single largest settlement since the €22m fine imposed on Michael and Tom Bailey in 2006.
