Offaly joiner and technology company on latest Revenue Tax Defaulters list

The combined total of the settlements in the two cases was in excess of €550,000

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Offaly joiner and technology company on latest Revenue Tax Defaulters list

Offaly joiner and technology company on latest Revenue Tax Defaulters list

An Offaly joiner and an Offaly based technology company are included on Revenue's latest List of Tax Defaulters which covers  the period from January 1, 2018 to March 31, 2018.

The two reached settlements with Revenue for a combined total in excess of €550,000 while a farmer had a court imposed fine of more than €70,000 during the same period.

Pentagon Technologies Group, based in Clonmich Hi-Technology Park in Tullamore reached a settlement with the Revenue Commissioners for a total of €349,106. It followed a Revenue Audit Case and the settlement was for underdeclaration of
PAYE, PRSI and USC. The company is an Information Technology and Computer Service Activities Provider. The total figure is made up of €239,912 in tax, €37,221 in interest and €71,973 in penalties.

Colm Brophy, a joiner with and address at Gloster, Brosna, Birr reached a settlement with the Revenue Commissioners for a total of €227,044. It was the result of a Revenue Audit Case and is for underdeclaration of Income Tax and VAT. The total figure is made up of €118,471 in tax, €74,222 in interest and €34,351 in penalties.

Columb Brazil, a farmer with an address at Grange House, Edenderry received a penalty in court of €71,070.40 relating to non-declaration of Income Tax and Capital Gains Tax in the amount of €177,676.

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Rvenue states that settlements are published when 'the extensive voluntary disclosure options are not availed of and the default arises as a result of careless or deliberate behaviour'.

A total of 61 cases were published today with total settlements reaching €9,425,562.92 in these cases. Twenty four cases were for amounts exceeding €100,000 and one exceeded €1,000,000.

Revenue states that it 'vigorously pursues collection/enforcement of unpaid settlements'. 

In the three month period to March 31, 2018, a total of 1,251 Revenue audit and investigations, together with 19,991 Risk Management Interventions, were settled, resulting in a yield of €115.63 million in tax, interest, and penalties.