Traveller pays out €595,000 after evading tax
Mr Quilligan was among the 201 tax evaders who made settlements in excess of €12,700, details of which were released by the Revenue Commissioners yesterday. The settlements yielded a total of €26.61 million in unpaid taxes, interest and penalties.
Mr Quilligan’s liability arose from undeclared income tax and a bogus non-resident account. It was made up of €147,347 in unpaid tax and €447,653 in interest and penalties.
The biggest settlement published yesterday was for €1,736,457, made by Meath glass and glazing company Knockvale Ltd, Moate Hill, Kells Road, Navan. The company owed €486,534 for under declaration of corporation tax and VAT and a revenue bogus non-resident account. Knockvale paid penalties and interest of €1,249,923.
Dublin bookmaker James Mulligan, of 10 Deerpark Lawn, Castleknock, made a settlement of €1.1m - €309,267 in unpaid income tax plus €790,733 in penalties and interest.
The published settlements are only a portion of all Revenue audits and investigations concluded in the three-month period to September 30.
The total yield from Revenue investigations from July 1, 2004, to September 30, 2004, was €97.11m. This includes 527 settlements of over €12,700 not published under Revenue rules. A total of 2,366 audits completed during the period resulted in settlements totalling just €3.71m.
Of the 201 published settlements:
144 totalling €20.66m relate to bogus non-resident holders.
Three settlements totalling €0.21m relate to Ansbacher account holders.
Five settlements totalling €0.38m relate to Revenue investigations into offshore funds
Two settlements totalling €1.29m relate to Revenue’s NIB Investigations.
19 of the cases relate to the estates of deceased taxpayers, totalling €3.35m.
The Revenue Commissioners also disclosed that jockey Tony Mullins, Watree Stud, Gowran, Co Kilkenny, paid a fine of €1,900 for one tax offence.
