The Revenue Commissioners have made more than €1.36 billion in unpublished tax returns over the last year.
That related to 62,418 separate disclosures, the Revenue Commissioners said, although more than €1 billion of the total involved only a small number of cases.
They said the top 20 unpublished comparisons were worth €1.052 billion, averaging around €52.6 million each. That meant the other 62,398 settlements were worth around €311 million, or an average of around €5,000 each.
However, the tax office declined to provide further details on the scope of the highest settlements, saying it had concerns over “taxpayer confidentiality”.
It said: “Releasing the details of the 20 largest settlements by amount could potentially lead to the identification of individual taxpayers.”
Revenue said it launched a new compliance intervention framework in May this year to provide a “consistent graduated response” to taxpayer behavior.
This enables a range of activities from extensive options for voluntary error correction to the prosecution of criminal sanctions in serious cases of tax evasion.
A spokeswoman said: “Taxpayers who take advantage of these opportunities will face the minimum penalty and generally risk no disclosure or prosecution.”
She said there were several circumstances in which individuals or companies making settlements could avoid the published quarterly list of tax defaulters. This happened when a taxpayer made a qualifying disclosure to the IRS that included a declaration and payment of the taxes and interest due.
She said the legislation allowed the tax office not to publish cases where the settlement amount was less than €50,000 and in other related circumstances.
Cases in which a “qualifying disclosure of avoidance” was made or a tax avoidance surcharge was incurred are also not published, she said.
She added, “All tax returns are subject to IRS approval.”
https://www.independent.ie/irish-news/top-20-settlements-with-revenue-added-up-to-over-1bn-but-tax-officials-wont-identify-who-paid-up-41940845.html The top 20 revenue settlements totaled over €1 billion – but tax officials won’t be able to determine who paid