Barclays settles DIRT bill

Barclays Bank Dublin yesterday reached a settlement of £7,655 with the Department of Revenue as part of its ongoing DIRT audit…

Barclays Bank Dublin yesterday reached a settlement of £7,655 with the Department of Revenue as part of its ongoing DIRT audit. The settlement, relating to two accounts from the years 1986 to 1999, includes £925 in unpaid taxes, £230 in interest and penalties of £6,500. But after the announcement Barclays officials said the small settlement vindicated its claim that non-resident accounts were genuine and it lacked only complete records.