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Accountants feature on Irish defaulter lists

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29th Sep 2014
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An Irish accountant received an 18-month jail sentence, with the final 12 months suspended, for charges including fraudulent evasion of tax and failing to lodge VAT returns.

Gerard Murray, a self-employed accountant from Rathfarhnam, Co. Dublin, was featured in this quarter's published tax defaulters list by the Irish Revenue.

In addition to six charges of not lodging VAT returns, there was also a charge of failing to comply with a Section 900 notice (i.e. where the Revenue requires production of accounts and books).

According to the Sunday World's previous report, Murray was jailed for failing to pay €3,800 in VAT to the Revenue.

The Irish tax department publishes lists of defaulters every quarter. These include those who have made settlements over a certain amount and those who have been prosecuted or fined for their offences in court.

Published settlements reflect only a section of all Revenue audits and investigations. They're only published when the extensive voluntary disclosure options aren't availed of and the default is a result of careless or deliberate behaviour.

Three further accountants featured on a list regarding settlements, from April to June 2014. 

Accountant Ronald Cagney from Thurles, Co. Tippearary made a settlement with the Revenue of €210,436 for an under-declaration of income tax, PAYE and PRSI (pay related social insurance). He originally owed €130,000 but racked up penalties and interest.

Another accountant, John P Clarke of Dublin Road, Drogheda, Co Louth, made a €51,426 settlement for an under-declaration of income tax and VAT. 

And Frank Kelly, an accountant from Letterkenny, Co. Donegal who originally owed €64,000 in tax ended up settling with the Revenue an amount of €106,077 for under-declaration of income tax.

All were Revenue audit cases. 

The largest settlement however was by a retired company director, who made a settlement of €13.5m. 

The case related to the Irish Revenue’s bogus non-resident accounts and offshore assets investigations and involved €6m in income tax with €3.25m interest and a €4.23m penalty.

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