Revenue hits farmer with €229k tax bill

Farmers are among those who have featured in a List of Tax Defaulters, which Revenue has released in respect of the period October 1^st, 2021 to December 31^st, 2021.

Revenue published the list in two parts today (Tuesday, March 8^th, 2022):

• 1: Persons in whose case the court has determined a penalty relating to a settlement or has imposed a fine, imprisonment or other penalties in respect of a tax or duty offence.
• 2: Persons in whose case Revenue has accepted a settlement offer instead of initiating court proceedings, or a settlement has been paid in full. This list reflects the amount of a settlement that remained unpaid at the end of the period of December 31^st, 2021.

Defaulters list 

Failure to lodge Income Tax Return(s):

• Raymond McGrath, Newtown, Garristown, Co Dublin – farmer – €2,500;
• Kevin Ryan, Fairview House, Logmore, Belmullet, Co Mayo – farmer – €1,250;
• John Smiddy, Ballyhonock, Killeagh, Co Cork – farmer/agricultural contractor – €0;
• Patrick Lee, 10, Glencarrig Court, Firhouse, Tallaght, Dublin 24 – milk vendor – €1,250.

Misuse of marked mineral oil:

• Noel Duignan, Derreenavoggy, Arigna, Carrick-on-Shannon, Co Roscommon – farmer/construction – €2,500;
• Patrick McHale, Newfield, Mulranny, Newport, Co Mayo – farmer – €2,500.

Part 2:

• John Cunningham, Kilmacoliver, Tullahought, Piltown, Co Kilkenny – farmer – Tax: €31,274; Interest: €9,020; Penalties: €9,382; Total: €49,676; Revenue Enquiry Case: Under-declaration of Income Tax;
• James Fennell, Burtown House, Athy, Co Kildare – farmer – Tax: €53,585; Interest: €14,305; Penalities: €16,075; Total: €83,965; Revenue Audit Case: Under-declaration of Capital Acquisutions’ Tax;
• John Anthony Nevin, Lurgan, Killoran, Ballinasloe, Co Galway – Company director/farmer – Tax: €24,058.91; Interest: €13,893.57; Penalties: €7,217.40; Total: €45,168.98; Revenue Audit Case: Under-declaration of Income Tax;
• Sean O’Connor, Castlelawn, Kilbrittain, Bandon, Co Cork – Coach hire operator/farmer – Tax: €149,623.13; Interest: €34,562.27; Penalties: €44,886.94; Total: €229,072.34. Revenue Audit Case: Under-declaration of VAT;
• Patrick Timmins, Killinure House, Tullow, Co Carlow – Farmer/machinery supplier – Tax: €27,240.81; Interest: €7,057.38; Penalties: €5,710.63; Total: €40,008.82. Revenue Investigation Case: Under-declaration of Income Tax and VAT.

Revenue Compliance Yield

According to Revenue, in the 3-month period to December 31^st, 2021, a total of 384 audits and investigations, together with 14,214 risk management interventions (aspect queries and profile interviews), were settled.

Revenue stated that this resulted in a yield of just over €1.015 billion in tax, interest, and penalties.

Other farming news:

• Revenue hits milking equipment company with €40k bill