Union, trust and car dealer all hit in Revenue crackdown on tax defaulters

Building & Allied Trade Unions has been hit with a €147,000 fine, including €58,000 in interest and penalties, for the under-declaration of PRSI and PAYE following an audit by the Revenue Commissioners

Overall, Revenue raised €21.4m through settlements with 113 companies and individuals for tax evasion and other offences between July and September.

The biggest settlement for €3.25m was with the Fondation Quatre Chevaux Trust, based in Liechtenstein. Revenue would not disclose the identity of the Irish-domiciled person behind the trust. The tax liability arose when an asset was transferred to the Liechtenstein vehicle without paying the appropriate level of tax in this country.