Joe Dolan’s firm pays nearly €4m to taxman
The company which late singer Joe Dolan ran to promote his concerts has made a settlement with the Irish Revenue Commissioners for almost €4m in unpaid taxes and penalties.
The latest list of tax defaulters from the Revenue Commissioners in the Republic show Monroe Mullingar paid €1,763,925 in back taxes and €2,091,241 in interest and fines for the underdeclaration of income tax.
The firm, which has since been dissolved, had Joe Dolan and his brother Ben as directors. Ben Dolan also made a settlement of €279,542 for the underdeclaration of income tax and capital gains tax.
Mr Dolan said he and his brother had received poor financial advice in the past and said the monies related to foreign earnings over their 47 years playing together.
He said they had paid “retention tax” in countries such as the United States, England, Russia and South Africa where the tax had been taken from their earnings before they were paid.
“It wasn’t a matter of us trying to fiddle the taxman. This has happened thousands of people in Ireland. It was on the tours,” said Mr Dolan.\[Alex McGreavey\]“I am not blaming the banks. I am not blaming the government. I am not blaming anybody. There was an awful lot of work that we did abroad so it was our money abroad.”;
Mr Dolan, from Lynn Road in Mullingar, paid €115,565 in back tax and €163,977 in interest and penalties, according to the Revenue figures which cover the first three months of the year.
Monroe Mullingar, with an address at Dominick St in Mullingar, was controlled by the two brothers prior to the death of Joe Dolan in December, 2007.
The company organised some of the events and concerts played by Mr Dolan and his band, of which Ben Dolan was also a member.
Between January and the end of March this year, there were 105 settlements with the Revenue Commissioners which totalled €32.6m.
Nine of those settlements exceeded €1m, according to the figures which have appeared in the state gazette Iris Oifigiuil.
Prominent Cork businessman Joseph Clayton Love Jnr from Currabinny made a settlement of €1.4m for the underdeclaration of income tax following an Ansbacher investigation case. He could not be contacted for comment on the matter last night.
The society behind Sligo Rovers football club paid €55,400 for the underdeclaration of PAYE and PRSI following an audit case by the Revenue.
The largest individual settlement was by retired confectioner and toy wholesaler Brian Hanratty from Birches Lane, Blackrock in Dundalk who paid out €2,172,685 for the underdeclaration of tax in a bogus non-resident account case.