Sunday 17 December 2017

Security expert gets 2 years for €1.6m tax fraud

A prominent campaigner for the reform of the security industry who defrauded over €1.6m from the Revenue has been jailed for two years.

Gary Wynne avoided paying tax on over €4m in income by claiming to transfer his VAT inclusive invoices to a fictitious company, rendering his company, Loganroy Security Ltd, VAT neutral.

Wynne (38) provided door staff to many well-known Dublin premises, including Vicar Street and Eamon Dorans.

Prosecuting counsel Dominic McGinn said Wynne owes €1,670,207 to the Revenue, including €759,000 in back taxes and another €911,207 in interest.

Judge Patricia Ryan said his early guilty plea, lack of previous convictions and €30,000 handed into court by Wynne as a "practical expression of remorse" were mitigating factors against the maximum allowable penalty of five years' imprisonment.

She imposed a concurrent sentence of three years, with one year suspended, for each of 10 counts of tax evasion. The company set up by Wynne in 1997, Loganroy Security Ltd, also pleaded guilty to the same offences and Judge Ryan imposed a fine of €10,000 on each count, with two years to pay.

The firm has ceased trading and gone into liquidation and Judge Ryan said the fine may be "an academic exercise" because of their likely inability to pay.

Details were previously heard of Wynne's extensive lobbying of the government for the establishment of the Private Security Authority because he wanted to "professionalise" the industry.

Wynne of Kellystown Lane, Leixlip, Kildare, and Loganroy Security Ltd, of Fitzwilliam Place, Dublin pleaded guilty to 10 counts of submitting incorrect invoices and VAT returns to the Revenue between 1997 and 2003.


Promoted articles

Entertainment News