herald

Monday 18 December 2017

City taxi driver makes a €636k tax settlement

A TAXI driver made a settlement of €636,447 with the Revenue Commissioners after failing to declare income tax, it has emerged.

Michael Gill, who lives in Hillcrest Park, Glasnevin, was named on the latest tax defaulters list which was released yesterday.

The settlement includes €303,800 in tax, €106,400 in interest and €227,000 in penalties.

A family member at the Glasnevin address said that Mr Gill was not home when the Herald called yesterday and they had no comment on the matter.

The settlement was among the biggest for an individual in the Dublin region.

Peter Mitchell, of Lambourne Wood, Cabinteely, made a settlement of €292,815 with the Revenue.

The public relations consultant was charged tax of €152,000, interest of €26,808 and penalties of €114,003.

He settled after an audit found he had under-declared income tax and VAT.

HSE Salon Limited, a hairdressers on City Quay, made a settlement of more than €1.3m made up of €558,976 tax, €196,882 interest and €558,976 in penalties.

That was for under-declaring VAT and PRSI and followed a Revenue audit.

COMPANY

The biggest settlement in Dublin was made by company director Fergus O'Brien, with an address at Auburn Drive, in Killiney.

An audit found he had not properly declared VAT or PRSI and he was charged €742,258 in tax, €652,877 in interest and €556,693 in penalties, a total of more than €1.9m.

The biggest settlement in the country was made by Anthony Cafferkey, of Lisnarick Road, Irvinestown, Co Fermanagh, for €13.5m including interest and penalties.

The retired company director was investigated over the use of a bogus non-resident account and offshore assets.

Part of the settlement was for under-declaration of income tax.

The settlements were related to the period between April 1 and June 30 this year.

A total of 117 cases appeared on the list of defaulters for the three-month period, with settlements coming to a combined €31.85m.

Of the published cases, 59 were for amounts exceeding €100,000, of which six were over €500,000.

Four of the settlements, yielding a total of €13.97m, were related to the Revenue's investigation into bogus non-resident accounts and offshore assets/funds.

hnews@herald.ie

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