herald

Tuesday 17 October 2017

Michael Jackson promoter makes tax deal for €2.2m

Oliver Barry
Oliver Barry

A CONCERT promoter, a tax consultant and top doctors are among those who have made combined settlements of more than €23m with the Revenue Commissioners.

They were named on the latest list of defaulters published by Revenue.

Accountant and tax consultancy service provider James Daly, formerly of Kinvara, Woodleigh Park, Model Farm Road, Cork, made the biggest settlement – for €4m – according to the new figures.

Concert promoter Oliver Barry, who famously brought Michael Jackson to Ireland in the 1980s, made a €2.2m settlement.

Mr Barry, of Hollystown, Hollywood Rath, Mulhuddart, Dublin, made the settlement in relation to the under-declaration of income tax and VAT.

Medics featured highly on the list, which related to the final quarter of last year, with combined settlements of more tha €2m including  tax, late payment interest charges and penalties.

Among the medical consultants listed were Desmond Winter, with an address at a suite in St Vincent’s Private Clinic, Herbert Avenue, who made a settlement for €477,072.

The case was in relation to an under-declaration of

income tax.

In addition, William Boyd, whose address was listed at a suite at 69 Eccles Street, made a settlement for €353,447.20, the figures show.

The case also involved an under-declaration of income tax.

Michael Gannon, a consultant with an address at Dartmouth Square, Ranelagh, also made a settlement for €347,047.

Fergal Malone, from Palmerston Villas, Rathmines, made a settlement for €182,109 in relation to an under-declaration of income tax.

Separately, company Prof F Malone of Adelaide Road, Glasthule, in which Mr Malone is listed as a director, made a settlement of €438,018.70.

Revenue referred to it as “medical consultancy service providers” and said the settlement related to an under-declaration of PAYE/PRSI.

Overall, settlements in relation to 99 taxpayers amounted to €23.1m, the new figures revealed.

Of the 99 published cases, 35 were for amounts exceeding €100,000, of which eight exceeded €500,000 and six exceeded €1m.

A statement from the Revenue Commissioners said that “the published settlements reflect a portion only of all Revenue audits and investigations concluded in the three-month period to 31 December 2014”.

Interventions

It said that a total of 1,804

revenue audit and investigations, together with 23,365 risk-management interventions, were settled in this period,

resulting in a yield of €149.44m.

Meanwhile, Revenue is engaged in an “ongoing

programme of compliance work in relation to medical consultants”.

Finance Minister Michael Noonan said this month that its main focus at this time in the context of this programme “is the tax issues arising from the incorporation of medical consultants’ businesses”.

fdillon@herald.ie

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