Revenue collected a total of €97.2 million in settlements under its audit and investigation programmes between 1 July 2011 and 30 September 2011, its latest report published this week shows.
The Tuesday edition of Iris Oifigiúil this week published details of the settlements completed by Revenue as well as details of penalty determinations made by the courts in respect of taxpayers who ‘deliberately or carelessly made incorrect returns in the period 1 July 2011 to 30 September 2011’.
The lists name each person upon whom a fine or other penalty was imposed by a court for offences relating to failure to file a return; filing an incorrect return; illegal selling of tobacco; cigarette smuggling; various excise and licensing offences.
In the three-month period to 30 September 2011, 84 taxpayers agreed settlements or determinations with Revenue which totalled €18.95 million.
Of the 84 published cases, 40 were for amounts exceeding €100,000, of which eight exceeded €500,000 and four exceeded €1 million.
Two settlements totalling €580,000 relate to bogus non-resident account holders; 14 settlements totalling €6.49 million relate to Revenue investigations into offshore funds, and four settlements totalling €790,000 relate to Revenue's single premium insurance products investigation cases.
Only one Mayo person was included on the list, for failure to lodge income tax returns, incurring a fine of €1,250.