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Monaghan car dealer named in latest tax defaulters list

Dec 8, 2021 13:12 By News Northern Sound
Monaghan car dealer named in latest tax defaulters list Monaghan car dealer named in latest tax defaulters list
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Revenue published a list of tax defaulters for the three months from July to the end of September which included €2.8m in settlements.

A Monaghan car dealer has been fined almost €125,000 after a Revenue investigation.

Seamus McPhillips Ltd, from Kilcrow, Clontibret was included in the latest tax defaulters list.

Revenue published a list of tax defaulters for the three months from July to the end of September which included €2.8m in settlements.

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Seamus McPhillips Ltd appeared on the list after an investigation found the under-declaration of corporation tax and VAT.

When interest and penalties were added to a €61,700 tax bill, a total settlement of €124,749 was agreed and paid to Revenue.

Of the 15 cases published yesterday, nine cases were for amounts exceeding €100,000 while one settlement was for more than €1m.

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Revenue noted that in all cases, settlement was either fully paid or arrangements to fully pay were in place as at the end of September this year.

The biggest settlement was from a now-liquidated patent licensor in Kerry, who agreed a settlement of €1.05 million for the under-declaration of dividend withholding tax.

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