SEVEN Donegal businesses made settlements with the Revenue in the last quarter of 2014 totally €498,795, according to figures published this week.
Owen Coyle of Cloghore, Ballyshannon, vehicle body repairer agreed a settlement of €40,130 following an underdeclaration of Income Tax and VAT was found during a Revenue Audit.
D&O Seafoods Ltd of Burtonport, Fish Processors agreed a settlement of €145,412. on foot of an underdeclaration of VAT following a Revenue Audit Case.
Charles Doherty of Drimarone, Letterbarrow, a haulier agreed to pay €55,472.72 when a Revenue Audit found an underdeclaration of VAT.
Vincent Gildea of Correnagh, Letterkenny, a Taxi operator made a settlement €36,297.00 on foot of an underdeclaration of Capital Gains Tax discovered during a Revenue Audit.
Gordons Developments (Lettergull) Ltd., Lettergull, St Johnston, Construction contractors made a settlement of €77,696.34 after an underdeclaration of VAT was found during a Revenue Audit.
Trawbreaga Bay Construction Ltd, Ardagh, Clonmany, Construction contractors, agreed a settlement of €59,477.61 on foot of an underdeclaration of VAT discovered during a Revenue Audit.
Brendan Whoriskey, Cashelard, Ballyshannon made a settlement of €84,311.00 on foot of a Revenue Audit which found an underdeclaration of VAT & Income Tax.
In the three-month period from October to December 2014, the names of 99 defaulting taxpayers were published. The settlements in these cases totalled €23.13 million
Of the 99 published cases, 35 were for amounts exceeding €100,000; of which eight exceeded €500,000; six exceeded €1million.
Two of the 99 settlements published, yielding €0.6m, relate to Revenue’s investigation into Offshore Assets/Funds.
ONLY one Donegal person has appeared on the Revenue Commissioners' latest list of tax defaulters, which was published today.
TWO Donegal tax defaulters agreed settlements with the Revenue Commissioners for more than €750,000 according to the latest figures...