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Irish Revenue Publishes Defaulters List

by Jason Gorringe, Tax-News.com

03 December 2009


The Irish Revenue Commission has published details of its latest defaulters list. The list contains details of audit/investigation settlements completed by the Revenue in the period July 1, 2009 to September 30, 2009.

The defaulters list comprises two sections, the first part being a list of every person upon whom a fine or other penalty was imposed by a court for committing the following offences:

  • Failing to file a return;
  • Filing an incorrect return;
  • Illegally selling tobacco;
  • Cigarette smuggling; and/or
  • Committing various excise and licensing offences.

The second section lists audit settlements where the Revenue Commissioners have accepted a specified sum 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.

In the three-month period to September 30, 2009, there were 76 settlements accepted, totalling EUR17.66m (in excess of USD26m), increasing nominally on the previous three months. Of the 76 published settlements, 41 were for amounts exceeding EUR100,000, of which seven exceeded EUR500,000 and three of that seven exceeded EUR1m.

Of the 76 settlements:

  • 4 settlements totalling EUR2.93m related to Bogus Non-Resident account holders;
  • 13 settlements totalling EUR2.64m related to Revenue investigations into Offshore Funds, and;
  • 15 settlements totalling EUR3.75m related to Revenue’s Single Premium Insurance Products Cases.

The published settlements reflect only a portion of all Revenue audits and investigations concluded in the three-month period to September 30, 2009. The total yield from Revenue audit and investigation programs settled in the period July 1 to September 30, 2009 was EUR97.2m. The total figure includes tax, interest and penalties.


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