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€21.1 million owed by tax defaulters in the first three months of the year

Two cases involved sums of over €1 million.

Image: RollingNews.ie

THE LATEST FIGURES from Revenue show that €21.1 million was the total owed by tax defaulters in the first three months of 2019. 

Of the 62 cases published by Revenue today, 16 settlements involved tax bills larger than €100,000. Four exceeded €500,000, while two exceeded €1 million. 

Today’s figures relate to Revenue investigations up to 31 March. 

Settlements determined by the courts saw over €392,000 paid to Revenue, while fines and other penalties totalled €518,000. 

One of the biggest settlements published today came from medical equipment company Eurosurgical Ltd, which was charged with paying over €12 million in taxes, interest and penalties.

However, almost €11 million was unpaid as of 31 March. 

In seventeen cases the settlement had not been fully paid and as of 31 March over €14 million remained unpaid, according to Revenue. 

Lurganmore, which is involved in property development, was ordered to pay over €2.2 million. Of this, €1.4 million came from tax, with the rest from penalties and interest. 

Fines and penalties

Today’s figures show that, in terms of court-imposed fines, 113 were because of failures to file a tax return or remit tax and a failure to produce records, as well as the delivery of an incorrect tax return. 

In over 20 cases, reasons for court-imposed fines included oil laundering and the illegal sales of cigarettes. 

Court also imposed fines of between €2,500 and €3,000 in four cases which saw Revenue officers being obstructed in their investigations. 

The full details can be read on the Revenue website

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