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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.

There have been a number of recent VAT changes in the hotel sector. While some of the changes are small, Revenue is generally interested in businesses with high cash intake to non-VAT registered customers as traders may benefit from incorrect practices. However it is not all bad news.

A number of large changes have been recently introduced in the area of penalties on underpaid tax. The changes are of particular interest in the area of VAT as VAT is a transaction based tax. Therefore a single repetitive error over a period of years can expose a business to significant penalties.

A number of large changes have been recently introduced in the area of penalties on underpaid tax. The changes are of particular interest in the area of VAT as VAT is a transaction based tax. Therefore a single repetitive error over a period of years can expose a business to significant penalties.

IBEC West, the group that represents business in the region, has said that Government must prioritise the protection of existing employment and stimulate job creation in the upcoming Budget, while remaining resolute in reining in the public finances. The west has an unemployment rate of 13.1 per cent, which makes job creation critical to the region.

A Ballinrobe solicitor and his firm are listed on the Revenue tax defaulters list which was published on Tuesday.

Mayo Fine Gael TD John O'Mahony has welcomed the Government’s ‘belated’ move to allow businesses to benefit from lower rents, but accused Fianna Fáil of indulging in shameless delaying tactics on the matter.