The list was published in two parts. Part 1 listed every person upon whom a fine or other penalty was imposed by a court. This included the following categories:

• Failure to file a return;
• Filing an incorrect return;
• Illegal selling of tobacco;
• Cigarette smuggling, and
• Various excise and licensing offences

Part 2 listed audit settlements where the Revenue Commissioners accepted a specified sum in excess of EUR12,700/EUR30,000 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.

According to the Revenue, in the 3-month period to 31st March 2008, there were 111 settlements accepted which fall to be published.

The settlements in these cases have been agreed and paid by the respective taxpayers and total €20.14mn.

Of the 111 published settlements 52 were for amounts exceeding EUR100,000; of which 10 exceeded EUR500,000 and 1 of that 10 exceeded EUR1,000,000.

Of the 111 settlements:

• 6 settlements totalling EUR1.55mn related to Bogus Non-Resident holders,
• 25 settlements totalling EUR5.17mn related to Revenue investigations into Offshore Funds
• 30 settlements totalling EUR8.10mn related to Revenue’s Single Premium Insurance Products Cases.

The published settlements reflect just a portion of all Revenue audits and investigations concluded in the 3-month period to 31st March 2008.

The total yield from Revenue audit and investigation programmes settled in the period 1st January 2008 to 31st March 2008 was EUR147.6mn.