Revenue takes in €97m from tax-evaders in three months

Tax-evaders paid more than €97 million to the Revenue Commissioners in the three months to the end of September, new figures …

Tax-evaders paid more than €97 million to the Revenue Commissioners in the three months to the end of September, new figures show.

The Revenue yesterday published its latest list of tax-defaulters.

The figures show that 144 individuals and companies made settlements worth €20.7 million which related specifically to the bogus non-resident account (NRA) schemes operated by many of the State's banks in the 1980s and 1990s.

The list names those from whom the Revenue accepted settlements worth more than €12,700 in tax, interest and penalties.

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It includes five settlements of more than €1 million each. The largest was €1.7 million, paid by Co Meath-based glazing contractors Knockvale Ltd, which is owned by the Gibney family of Navan. The settlement included liability for bogus NRAs and undeclared corporation tax and VAT.

The list names 201 defaulters. Along with the non-resident accounts, it includes €1.29 million raised from the investigation into National Irish Bank (NIB), €210,000 from two Ansbacher cases and €380,000 from five cases discovered as a result of the commissioners' offshore funds investigation.

In a statement yesterday, the Revenue Commissioners said the total yield from its audit and investigation programmes in the three months to the end of September came to €97.11 million. Last month, the Revenue released figures showing that investigations into the various tax-evasion schemes uncovered in recent years had yielded €1.6 billion to the Exchequer.

Labour's finance spokeswoman, Ms Joan Burton, warned that the "current level of tax-evasion" would continue, unless the commissioners made more frequent use of their powers.

Barry O'Halloran

Barry O'Halloran

Barry O’Halloran covers energy, construction, insolvency, and gaming and betting, among other areas