A Cork priest, a retired postman, the former owner of an amusement arcade and several property developers were among those named in the latest tax defaulters’ list.
According to the Revenue’s list, published today, Dublin property firm Parkland Investments Limited made the largest settlement of €1.36 million arising from undeclared corporation tax.
Frank Lehane, a retired amusement arcade proprietor from Co Waterford, was also among the high-profile defaulters, making the second biggest settlement of €1.303 million for undeclared income tax, capital gains tax and VAT.
Thomas Wiseman, a retired postmaster from Co Cork, paid €1.3 million arising from the under-declaration of VAT, income tax and PAYE/PSRI, and in connection with the Revenue’s investigation into bogus non-resident offshore account holders.
The tax defaulters’ list, which relates to settlements made between July and the end of September, included a settlement of €433,475 made by Cork priest Fr Tadhg O’Donovan for undeclared income tax and capital gains tax.
Fr O’Donovan was fined more than €6,000 for tax offences in March 2008 following his failure to disclose income he received from the rental of at least 11 properties over a five-year period. He had previously made a settlement with the Revenue Commissioners for €213,222, including a tax liability of €81,265, a civil penalty of €81,265 together with interest payment on his liabilities and a penalty of €50,692.
Galway property developer Tom McEvaddy paid €679,308 in a settlement relating to the undeclared VAT.
The total number of settlements for the period was 76, with a total value of €17,657,150.
The list showed only three settlements exceeded €1 million. Some 41 settlements were for amounts exceeding €100,000, of which seven exceeded €500,000.
The Revenue said four settlements, totalling €2.93 million, related to bogus non-resident holders, while 13 settlements, totalling €2.64 million, related to its investigations into offshore funds.
