Galway solicitor tops tax settlements list

Two Galway solicitors made the highest Revenue settlements during the second quarter of this year, according to figures released this week by the Revenue Commissioners.

The highest settlement in the country between April 1 and June 30 was Barry Fitzgerald, a solicitor with an address in Kiltartan House, Forster Street, who paid more than €2.5 million in taxes, interest, and penalties arising from an underdeclaration of income tax, capital gains tax, and VAT.

Mr Fitzgerald’s settlement included a total of €1,486,727.90 in interest and penalties.

Meanwhile Gerard A Moylan, a solicitor from Lake Road, Loughrea, paid close to €1.3 million in taxes, interest, and penalties arising from an underdeclaration of income tax and a Revenue bogus non-resident account investigation.

In total, nine Galway people made settlements totalling €4,560,756.39 during the three-month period covered by the latest list of tax settlements.

The quarterly settlements bulletin lists those audit settlements where the Revenue Commissioners accepted a settlement of more than €12,700 (or €30,000 for some investigations ), including tax, interests, and penalties, instead of instituting proceedings for the recovery of the penalties. People who made voluntary disclosures prior to the beginning of an audit, or who paid fines and penalties amounting to less than 15 per cent of the tax due, are not included in the list.

The full list of Galway tax settlements published this week is listed below:

Declan Bannerton

Station Road, Ballinasloe

Company director

Underdeclaration of income tax and VAT. Revenue audit case.

Tax €73,756

Interest and penalties €138,027

Total €211,783

Brendan Darcy

Carnakib, Headford

Employee

Underdeclaration of income tax and capital acquisitions tax. Revenue single premium insurance products case.

Tax €84,934

Interest and penalties €155,424.25

Total €240,490.25

John Duffy

Kilbannon, Tuam

Company director and landlord

Underdeclaration of income tax, VAT, and capital gains tax. Revenue audit case.

Tax €21,784

Interest and penalties €32,185

Total €53,969

Michael Duffy

Barnaboy, Turloughmore

Motor mechanic

Underdeclaration of income tax. Revenue bogus non-resident account case.

Tax €21,075

Interest and penalties €53,925

Total €75,000

Patrick Faherty

Máimín, Leitir Mór

Builder and landlord

Underdeclaration of income tax and VAT. Revenue single premium insurance products case.

Tax €31,555

Interest and penalties €53,925

Total €85,480

Barry Fitzgerald

Kiltartan House, Forster Street, Galway

Solicitor

Underdeclaration of income tax, capital gains tax, and VAT. Revenue audit case.

Tax €1,078,714.10

Interest and penalties €1,486,727.90

Total €2,565,442

Anne McGhee

Attigara, Portumna

Publican

Underdeclaration of VAT. Revenue audit case.

Tax €10,838

Interest and penalties €9,013

Total €19,851

Gerard A Moylan

Lake Road, Loughrea

Solicitor

Underdeclaration of income tax. Revenue bogus non-resident account case.

Tax €505,093.19

Interest and penalties €781,748.95

Total €1,286,842.14

Colm Sullivan

Leam, Recess

Farmer

Underdeclaration of income tax. Revenue audit case.

Tax €12,582

Interest and penalties €9,383

Total €21,965

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