OVER 110 TAX defaulters made settlements worth €23.25 million with the Revenue Commissioners in the first three months of 2014.
Of those settlements, 13 exceed €500,000, with 48 costing over €100,000.
The largest settlement sees a retired medical consultant, Maurice Fenton, from Dalkey in County Dublin hit with a judgement €2.6 million for under-declaration of income tax and capital gains tax.
Claire Campbell, a retired guesthouse owner from Ballsbridge, Dublin 4, paid over €2.2 million for the under-declaration of capital gains tax, while Robert Campbell, who is listed as an employee at the same address will pay €550,000 for the same offence.
A settlement of €978,775, was brought against a Cork-based casino operator Harlechdale Ltd, which is now in liquidation and Sean E Quinn, a retired company director from Malahide in County Dublin, agreed a settlement of €825,229 for under-declaration of capital gains tax and VAT.
An African food supplier, Benjamin Voka Nzambilanda, was ordered to pay €339,743 for under declaration of VAT and a Monaghan service station operator named Austin Woods was hit with a judgement of €642,138 for the same offence.
Brendan O’Flynn, a foreign exchange broker and taxi driver with an address in Greenhills Estate Dublin 12, was found to have under declared his income, having nearly €500,000 levied against him.
Seven of the 113 settlements published, yielding €2.32 million, relate to Revenue’s investigation into offshore funds, including a €545,901 settlement made against John Meany of Nenagh and a €585,826 settlement against a car dealer from Lusk in Dublin, Patrick Butterly.
A Revenue spokesperson told TheJournal.ie that most of the cases are paid already.
“[T]he majority of publishable settlements are either paid in full or are the subject of robust phased payment arrangements. The remainder are only deemed unable to pay in full following a rigorous review of the financial circumstances of the taxpayer.”
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