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Cork Solicitor Pays €356k Tax Settlement - News Directory 3

Cork Solicitor Pays €356k Tax Settlement

December 12, 2024 Catherine Williams Business
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At a glance
Original source: echolive.ie

cork Landlord Settles Over $350,000⁤ in Unpaid Taxes

Douglas Road‍ resident among 36 nationwide in⁢ Revenue Commissioners’ latest defaulters list

A Cork solicitor and⁢ landlord has settled a tax bill ⁤exceeding $350,000 with the Revenue Commissioners, according to the agencyS⁤ latest list of tax defaulters. Terence English, of Ballytore,‍ Woodview, Douglas Road, was found to owe over $223,000 in unpaid⁣ income tax following an audit.

The total settlement, ‍including interest and penalties,⁣ amounted to $356,299.English’s case was among 36 settlements totaling $15 million published by Revenue for the third quarter of 2023 (July-September).

The largest settlement on the list involved property developers Vieira Limited, a Dublin-based company now in ⁢liquidation.Vieira Limited owed over $6.7 million,⁢ primarily due to under-declared VAT. While the company settled a portion of the debt, over $6 million remains unpaid.

Court-Imposed Fines Also Announced

In addition to settlements, Revenue also published a list of individuals facing court-imposed penalties for tax offenses. Four Cork residents appeared on⁤ this⁢ list, facing fines totaling nearly $80,000.

Elizabeth Lenihan, a PAYE employee from Charleville, was fined $1,250 for claiming ineligible income tax relief. Patrick Delaney, of Commons Road, received a $2,500 fine for misusing marked mineral oil.

John O’Sullivan, a PAYE employee from Fairhill, and Maurice Robert Twomey, a taxi driver from Shandon, were each fined $2,500 for tobacco smuggling.

Cork Landlord Settles Over ⁤$350,000⁢ in Unpaid ‍Taxes

Cork, Ireland – Terence English, a solicitor and landlord residing in Ballytore, Woodview, ‍Douglas Road, has settled a important tax bill exceeding $350,000 with the Revenue Commissioners. ⁣

According to the revenue Commissioners’ latest defaulters list for the third quarter of 2023 (July-September), an audit revealed English owed⁤ over $223,000 in unpaid⁤ income‍ tax.

The total settlement,⁣ including interest and penalties, amounted to $356,299.EnglishS case was among 36 settlements totaling $15 million ⁢published by Revenue for the quarter.

The largest settlement on the list involved Dublin-based property developers vieira Limited, a company currently in liquidation. The company owed over $6.7 million, primarily due to underdeclared VAT. While Vieira Limited settled a portion of the debt, over $6 million‍ remains ⁤unpaid.

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