Wednesday, December 02, 2009

Cork priest on tax defaulters' list

A Cork priest, a retired postman, the former owner of an amusement arcade and several property developers were among those named in the latest tax defaulters’ list.

According to the Revenue’s list, published today, Dublin property firm Parkland Investments Limited made the largest settlement of €1.36 million arising from undeclared corporation tax.

Frank Lehane, a retired amusement arcade proprietor from Co Waterford, was also among the high-profile defaulters, making the second biggest settlement of €1.303 million for undeclared income tax, capital gains tax and VAT.

Thomas Wiseman, a retired postmaster from Co Cork, paid €1.3 million arising from the under-declaration of VAT, income tax and PAYE/PSRI, and in connection with the Revenue’s investigation into bogus non-resident offshore account holders.

The tax defaulters’ list, which relates to settlements made between July and the end of September, included a settlement of €433,475 made by Cork priest Fr Tadhg O’Donovan for undeclared income tax and capital gains tax.

The total number of settlements for the period was 76, with a total value of €17,657,150.
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