Revenue publish Defaulters List
Today's edition of Iris Oifigiúil contains details of published audit /investigation settlements completed by Revenue in the period 1 July 2004 to 30 September 2004.
The list is published in two parts:
Part 1 lists every person upon whom a fine or other penalty was imposed by a court. This includes the following categories:
- Failure to file a return
- Filing an incorrect return
- Illegal selling of tobacco
- Cigarette smuggling
- Various excise and licensing offences
Part 2 lists audit settlements where the Revenue Commissioners accepted a specified sum in excess of €12,700 in settlement of any additional liability for tax, interest and penalties instead of instituting proceedings for the recovery of the penalties and where:
- a voluntary disclosure was not made by the taxpayer prior to the commencement of an audit and
- the amount of fine or penalty included in the settlement exceeded 15% of the tax.
In the 3 month period to 30 September 2004 there were 201 settlements in excess of €12,700 which fall to be published. The settlements in these cases have been agreed and paid by the respective taxpayers and total €26.61million.
Of the 201 settlements:
- 144 settlements totalling €20.66m relate to Bogus Non-Resident holders,
- 3 settlements totalling €0.21m relate to Ansbacher account holders,
- 5 settlements totalling €0.38m relate to Revenue investigations into Off Shore Funds and
- 2 settlements totalling €1.29m relate to Revenue's NIB Investigations.
The published settlements reflect a portion only of all Revenue audits and investigations concluded in the 3 month period to 30 September. The total yield from Revenue audit and investigation programmes in the period 1 July 2004 to 30 September 2004 was €97.11 million. Besides the 201 cases detailed above it included 527 settlements in excess of €12,700 that did not fall to be published. The settlements in such cases total €66.79 million. In addition, a further 2,366 audits completed during the period resulted in settlements totalling €3.71 million.
To go directly to the Defaulters Lists.
Ends 21/12/04