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 2009 to 31 March 2009.
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/€30,000 in settlement of any additional liability for tax, interest and penalties instead of instituting proceedings for the recovery of the penalties and where:
- a qualifying 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 2009, there were 105 settlements accepted, which fall to be published. The settlements in these cases have been agreed and paid by the respective taxpayers and total €32.60 million.
Of the 105 published settlements 63 were for amounts exceeding €100,000; of which 15 exceeded €500,000 and 9 of that 15 exceeded €1,000,000.
Of the 105 settlements:
- 1 settlement totalling €1.40 million relates to an Ansbacher account holder
- 5 settlements totalling €3.14 million relate to Bogus Non-Resident holders,
- 27 settlements totalling €4.80 million relate to Revenue investigations into Offshore Funds and
- 19 settlements totalling €4.52 million relate to Revenue’s Single Premium Insurance Products Cases.
The published settlements reflect a portion only of all Revenue audits and investigations concluded in the 3-month period to 31 March 2009. The total yield from Revenue audit and investigation programmes settled in the period 1 January to 31 March 2009 was *€205.70 million.
*The total figure includes tax, interest and penalties
[Ends 09/06/2009]