Revenue nets €19.64m from 107 tax defaulters

Revenue netted a total of €19.64m for the three months to the end of September, according to the latest tax defaulters’ list.

The biggest settlement was with Groundview Ltd, an amusement arcade business with an address at Mount Street, Dublin 2, for €2,389,228.

The second highest settlement was with Joseph P Clarke, who is a farmer based in Beltra, Co Sligo, who settled for €1,378,969.

The highest settlement in the Cork region was with William Martin Hayes, a bread delivery agent from Dublin Hill who received a total fine of €362,513.

Of the 107 published cases, 33 were for amounts exceeding €100,000; of which 10 exceeded €500,000; 5 of which exceeded €1m.

Nine of the 107 settlements published, yielding €3.89m, relate to Revenue’s investigation into Offshore Assets/Funds. The published settlements reflect a portion only of all Revenue audits and investigations concluded in the 3-month period to September 30, 2014.

Settlements are only published when the extensive voluntary disclosure options are not availed of and the default is as a result of careless or deliberate behaviour.A total of 1,871Revenue audit and investigations together with 24,387 Risk Management Interventions were settled between July 1 to September 30, 2014, resulting in a yield of €121.8 million.