TWO Donegal tax defaulters agreed settlements with the Revenue Commissioners for more than €750,000 according to the latest figures published today.
ELMcGettigan and Sons Ltd (now in liquidation) of Glebe, Kilmacrennan agreed a settlement of €733,639. The property developers/investors were found to have underdeclared Corporation Tax and VAT following a Revenue Audit.
The other local company was The Olde Castle Bar and Restaurant Donegal Ltd, 5 Wilson’s Creek, Rooseylongen, Donegal Town.
The restaurateurs agreed a settlement of €38,118.55 on foot of an underdeclaration of PAYE/PRSI and Corporation Tax being found following a Revenue Audit.
A total of 64 tax defaulters nation-wide have been named for the period from July 1 to September 30 of this year. The amount of settlements agreed including tax, penalties and interest was €12.7 million.
ONLY one Donegal person has appeared on the Revenue Commissioners' latest list of tax defaulters, which was published today.
THREE Donegal tax defaulters agreed settlements of almost half a million euro with the Revenue Commissioners this week.