Tax defaulters pay out €2.3m in settlements
LIST FEATURES 12 COMPANIES AND INDIVIDUALS
WEXFORD TAX DEFAULTERS paid out over €2.3 million in settlements to Revenue between April and June this year.
The list, published this week, featured 12 companies and individuals that paid tax, interest and penalties, following Revenue audit and investigation programmes.
The largest Co. Wexford settlement was €500,000 for underdeclaration of income tax and VAT, by drainage contractor Sean Swan from Harristown, Barntown, in a Revenue Offshore Assets investigation case.
He paid €227,333 in tax, and €272,667 in interest and penalties.
Second highest on the list was Gorey company Custom Compost from Ballyminaun Hill, which paid a total of €458,054, including €168,996 in tax, and €289,088 in interest and penalties.
This figure was already revealed during a Gorey District Court case in June when a former Director of the company, Michael O'Sullivan of Clonattin Road, Gorey, was fined €7,900, and given a six month suspended prison sentence.
The company was also fined €7,900 in court on the day. The court heard incorrect P35 returns were sent to Revenue in 2004, 2004 and 2006. The company had a Building Society Account which was used to pay undeclared Christmas bonuses to employees.