Five Waterford men are included in the latest tax defaulters list published by the Revenue Commissioners on Tuesday.
Relating to the period July 1 to September 30 this year, all represent audit settlements – i.e. where Revenue accepted a specified sum instead of instituting legal proceedings.
Retired amusement arcade owner Frank Lehane, Blenheim Lodge, Halfway House, settled for €1,303,536 – representing €338,536 tax and €965,000 in interest and penalties for underdeclaration of income tax, capital gains tax and Vat. Both a Revenue Single Premium Insurance Products case and a Bogus Non-Residents Account case, it was one of only three settlements that exceeded €1 million.
Fish and poultry merchant William Burke, 50 Ballybricken, paid a total of €656,865 – €161,050 in tax and the rest in interest in penalties for
underdeclaration of income tax in another Revenue Bogus Non-Residents Account case.
Farmer Michael Collins, Boolavounteen, Ballinamult, paid €192,796 – €73,588.66 of which comprised interest and penalties for underdeclaration of capital gains tax and income tax.
Retired fisherman Richard Power, Horsequarter Bridge, Dunmore East, paid Revenue €108,317 in total – €76,104 of which was interest and penalties, for underdeclaration of income tax in a Single Premium Insurance Products case.
Architect Hugh Kerley, Garrarus, Fenor, settled for €101,035.33 in total – €58,072.27 of which related to interest and penalties for underclaration of income tax.