Des Richardson on latest defaulters list

The former Fianna Fáil fundraiser Des Richardson has appeared on the latest list of tax defaulters having made a settlement with revenue for almost €109,000.

Revenue officials have slapped a hefty fine on former Fianna Fail fundraiser Des Richardson as part of a tax defaulters investigation.

In the latest defaulters list, Mr Richardson is exposed for having to hand over €38,251 along with €51,529 in interest payments for underdeclaring income tax and capital gains tax.

Revenue has also issued a penalty of 19,126 euro on the business management consultant – with an address at Serpentine Avenue, Ballsbridge, Dublin 4 - forcing him to make an overall settlement of €108,906 euro to the state coffers.

Some 135 people were named on the list, which covers the the three-month period to the end of last year, with settlements totalling more than €27m.

The latest investigation found:

:: Nine cases were for settlements in excess of €500,000, five of which were for more than a million euro.

:: Seven settlements, totalling €1.51m, were uncovered in probes into offshore funds.

:: Four settlements, adding up to €1.68m, came about as part of Revenue’s investigation into single premium insurance products.

Revenue said the published settlements reflect only a portion of its audits and investigations during the three-month period.

A spokeswoman said: “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.”