Des Richardson on latest defaulters list
Revenue officials have slapped a hefty fine on former Fianna Fail fundraiser Des Richardson as part of a tax defaulters investigation.
In the latest defaulters list, Mr Richardson is exposed for having to hand over €38,251 along with €51,529 in interest payments for underdeclaring income tax and capital gains tax.
Revenue has also issued a penalty of 19,126 euro on the business management consultant – with an address at Serpentine Avenue, Ballsbridge, Dublin 4 - forcing him to make an overall settlement of €108,906 euro to the state coffers.
Some 135 people were named on the list, which covers the the three-month period to the end of last year, with settlements totalling more than €27m.
The latest investigation found:
:: Nine cases were for settlements in excess of €500,000, five of which were for more than a million euro.
:: Seven settlements, totalling €1.51m, were uncovered in probes into offshore funds.
:: Four settlements, adding up to €1.68m, came about as part of Revenue’s investigation into single premium insurance products.
Revenue said the published settlements reflect only a portion of its audits and investigations during the three-month period.
A spokeswoman said: “Settlements are only published when the extensive voluntary disclosure options are not availed of and the default is as a result of careless or deliberate behaviour.”
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