Revenue publish Defaulters List
Today's edition of Iris Oifigiúil contains details of published audit /investigation settlements completed by Revenue in the period 1 January 2005 to 31 March 2005.
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 31 March 2005 there were 173 settlements which fall to be published. The settlements in these cases have been agreed and paid by the respective taxpayers and total €21.61m.
Of the 173 published settlements 55 were for amounts exceeding €100,000; 7 exceeded €500,000 and ,1 exceeded €1,000,000.
Of the 173 settlements:
- 105 settlements totalling €14.46m relate to Bogus Non-Resident holders,
- 1 settlements totalling €0.65m relate to Ansbacher account holders,
- 13 settlements totalling €2.40m relate to Revenue investigations into Off Shore Funds and
- 1 settlement totalling €0.54m 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 31 March 2005. The total yield from Revenue audit and investigation programmes in the period 1 January 2005 to 31 March 2005 was €100.72 million*. Besides the 173 cases detailed above, a further 2,680 audits were completed during the period that do not fall to be published.
* The total figure includes tax, interest and penalties and includes settlements that fall to be published
To go directly to the Defaulters Lists
[Ends 24/06/05]