Sales tax defaulters: Car dealers with 10 million euro severance pay at the top

A car dealer in Co Carlow has topped the latest list of tax evaders after being hit with more than £10million in settlements by tax authorities.

eridian Motors Ltd of Sleaty Road, now in liquidation, has been inspected by the Revenue Commissioners for PAYE/PRSI/USC and VAT sub-declaration.

Two cases were filed against the company, with the first settlement consisting of €1.9 million in taxes, €1 million in interest and €1.9 million in penalties.

The second settlement consisted of €2.2 million in taxes, €1.3 million in taxes and €2.2 million in fines.

As of June 30, the majority of these two settlements remain unpaid.

12 settlement cases with a total value of €12.5 million were published, including 10 with amounts over €100,000.

An insurance brokerage and consultancy firm at Dublin 9’s Omni Park shopping center has secured the third largest settlement for under-reporting in VAT.

MTIS Ltd’s €298,236 settlement included €182,517 in taxes, €60,964 in interest and €54,755 in penalties.

Major settlements also included a retired building contractor, an amusement machine provider, a former short-term accommodation provider, and a beauty and hairdressing service.

Nouelle Parrat of Dame Street, Dublin 2, who had previously provided short-term accommodation, paid €209,913 for under-declaring income tax and VAT.

Blackrock Leisure Limited on High Street in Dundalk, Co. Louth, which specializes in the servicing business for gaming and amusement machines, was also investigated for underreporting of VAT, resulting in a settlement of just over €90,000.

Whilst a retired builder in Co Offaly was under investigation for failing to declare income tax.

Sean Doughan of Moneygall, Birr, made a settlement payment of €210,362, including €62,770 in taxes, €104,795 in interest and €42,797 in penalties.

The tax office also pursued 67 cases in court, with fines imposed totaling €153,300

Sixteen of the cases involved failure to file a tax return, 18 cases involved excise offenses including tobacco smuggling, 22 cases involved misuse of commercially available petroleum, while the remainder involved the sale of untaxed alcohol, obstruction of a tax officer and failure to keep a vehicle stationary .

Revenue said the published comparisons reflect only a portion of all audits and investigations. In the three-month period ended June 30, 2022, a total of 287 tax audits and investigations and 13,983 risk management interventions were resolved, resulting in €3.5 billion in income from taxes, interest and penalties. Sales tax defaulters: Car dealers with 10 million euro severance pay at the top

Fry Electronics Team

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