Builders settle with Revenue for €7m

A BUILDING firm has settled its tax liability with the Revenue for just under €7 million in the largest settlement ever collected.

Torose Construction, 12 Berkeley street, Dublin 7, paid €6,936,320 in tax and penalties for under-declaring corporation tax and VAT. Back tax accounted for €3,327,045, while fines added another €3,609,275.

A spokesman for the Revenue said the settlement was the biggest ever made.