Collapsed Builder Named in Tax Defaulters List After €6.7m Settlement
Collapsed Dublin Advancement Firm Settles €6.7 Million Tax Bill
Tyrrelstown, Ireland – A Dublin-based development company formerly controlled by the larkin brothers, known for their involvement with Twinlite developers, has settled a substantial tax debt with Irish authorities. Vieira Ltd., which constructed a large housing estate in Tyrrelstown between 2001 and 2008, reached a €6.7 million settlement earlier this year, resolving a long-standing VAT dispute.
The settlement includes over €2.4 million in under-declared VAT and nearly €3.6 million in interest charges. The company, which went into liquidation in late 2022, had previously faced a €2 million tax bill from the Revenue Commissioners following a High Court case.
This case highlights the ongoing efforts by Irish tax authorities to recover unpaid taxes, particularly from companies involved in large-scale development projects.
Former Fianna Fáil Minister Also Named in Tax Defaulter List
In a separate case,former Fianna Fáil junior minister Ivor Callely has also been named on the latest list of tax defaulters. callely, who served as minister for state in the departments of Health and transport, reached a €172,937 settlement with the Revenue Commissioners.
The settlement stems from under-declared VAT obligations totaling €111,478,along with interest charges and penalties. Callely, who was jailed for five months in 2014 for expenses fraud, is currently listed as a motor vehicle dealer.
This case serves as a reminder that tax compliance is crucial for individuals in all sectors, including politics.
Vieira Ltd. Settles €6.7 Million Tax Bill, Former Minister facing VAT Settlement
Dublin, Ireland – A collapsed Dublin development company, Vieira Ltd.,formerly linked to the Larkin brothers,has settled a substantial €6.7 million tax bill with Irish authorities. The settlement resolves a prolonged VAT dispute related to the construction of a large housing estate in Tyrrelstown between 2001 and 2008.
The settlement includes over €2.4 million in under-declared VAT and nearly €3.6 million in interest charges. The company, which entered liquidation in late 2022, had previously faced a €2 million tax bill from the Revenue Commissioners following a High Court case.
Separately, former Fianna Fáil junior minister Ivor Callely has also been named in the latest list of tax defaulters.Callely, who held ministerial positions in the Departments of Health and Transport, reached a €172,937 settlement with the Revenue Commissioners.
The settlement stems from €111,478 in under-declared VAT obligations,along with interest charges and penalties. This case follows Callely’s five-month jailsentence in 2014 for expenses fraud. He is currently listed as a motor vehicle dealer.