Saturday 17 August 2019

Two Wexford men have made settlements with the Revenue Commissioner

Revenue Commissioners
Revenue Commissioners

By Esther Hayden

Two Wexford men have made settlements with the Revenue Commissioners.

Raymond Furlong, a window sales/installation service provider from The Ramblings, Potter's Way, Bunclody, made a settlement of €363,183. The amount is comprised of tax of €229,656, interest of €64,629 and penalties of €68,898. The case arose from the underdeclaration of income tax and VAT from a Revenue Audit Case.

Chef Garrett Bradshaw with an addreess at Railway House, Coolnaveeagh, Gorey made a settlement of €26,193. The amount is a penalty determination by the courts relating to an underclaration of VAT and RAYE/PRSI in the amount of €65,482.

In total 99 cases were named by the Revenue Commissioners in the three month period to December 3, 2014. The settlements in these cases total €23.13 million

Of the 99 published cases, 35 were for amounts exceeding €100,000; of which 8 exceeded €500,000 ; 6 of which exceeded €1m.

Two of the 99 settlements published, yielding €0.6m, relate to Revenue's investigation into Offshore Assets/Funds.

The published settlements reflect a portion only of all Revenue audits and investigations concluded in the 3-month period to December 31, 2014. 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. A total of 1,804 Revenue audit and investigations together with 23,365 Risk Management Interventions (Aspect Queries & Profile Interviews) were settled in the period 1st October 2014 to 31st December 2014 resulting in yield of €149.44 million*.

The total figure includes tax, interest and penalties.

Wexford People

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