Six Galway people made settlements totalling almost €750,000 between July and September of this year, according to the latest tax defaulters’ list released this week by the Revenue Commissioners.
The largest settlement made in the county came from Martin Browne, a retired farmer from Bullaun, Loughrea, arising from underdeclaration of income tax and investigations into offshore assets, bogus non-resident account, and single premium insurance products cases.
Mr Browne’s settlement, totalling €511,125, comprised a total of €351,298 in interests and penalties.
Nationally, 111 individuals made settlements totalling €24.3 million during the third quarter of the year.
The quarterly settlements bulletin lists those audit settlements where the Revenue Commissioners accepted a settlement of more than €12,700 (or €30,000 for some investigations ), including tax, interests, and penalties, instead of instituting proceedings for the recovery of the penalties. People who made voluntary disclosures prior to the beginning of an audit, or who paid fines and penalties amounting to less than 15 per cent of the tax due, are not included in the list.
The full list of Galway tax settlements published this week is listed below:
Martin Browne
Larchill, Bullaun, Loughrea
Retired farmer
Underdeclaration of income tax. Revenue offshore assets investigation case, bogus non-resident account case, and single premium insurance products case.
Tax €159,827
Interest and penalties €351,298
Total €511,125
Connemara and Islands Heritage Tourism Ltd
The Island House, Market Street, Clifden
Tourist service providers
Underdeclaration of PAYE/PRSI and VAT. Revenue audit case.
Tax €34,739.14
Interest and penalties €18,338.81
Total €53,077.95
John Crosby
‘Esker’, Cleaghmore, Ballinasloe
Retired draper
Underdeclaration of income tax. Revenue offshore assets investigation case.
Tax €4,710
Interest and penalties €15,290
Total €20,000
Julia Freeney
High Street, Galway
Publican
Underdeclaration of income tax and VAT. Revenue audit case.
Tax €17,516
Interest and penalties €20,514
Total €38,030
Francis Halvey
Cappagh, Kilkerrin, Ballinasloe
Farmer
Underdeclaration of income tax and VAT. Revenue bogus non-resident account case and single premium insurance products case.
Tax €17,574
Interest and penalties €44,431
Total €62,005
Billy Lally
132 Castle Park, Ballybane
Company director
Underdeclaration of income tax and VAT. Revenue audit case.
Tax €35,360
Interest and penalties €26,640
