Belfast Telegraph

Friday 1 August 2014

Champion trainer settles tax bill

Racehorse trainer Aidan O'Brien has settled a bill for more than half a million euro in unpaid tax

Champion Irish horse trainer Aidan O'Brien has been hit with a bill for more than half a million euro for unpaid tax.

The director of Carriganog Stud in Piltown, Co Kilkenny, was among the top 10 biggest settlements on the latest defaulters' list.

He settled a bill for 526,077 euro with Ireland's Revenue Commissioners following an investigation into tax evasion on offshore assets.

Former champion amateur rider O'Brien - now master at the famous Ballydoyle stable - has trained a winner in almost every major Flat race in Ireland and Britain, and celebrated successes in France and the United States.

He is enjoying another fine season, with his standard bearer being Australian import So You Think. The giant five-year-old has won the Tattersalls Gold Cup, Eclipse Stakes and Irish Champion Stakes, and is the current favourite for the Prix de l'Arc de Triomphe at Longchamp next month.

The settlement, made under the name of Whisperview Trading Ltd, included unpaid tax of almost 177,640 euro and interest and penalties of nearly 348,500 euro.

A total of 114 businesses were named and shamed on the latest defaulters' list. They made 26.25 million euro of payments between April and June.

The largest amount - for more than 3.6 million euro - was made by Co Antrim-based property developers Eassda Ireland Ltd. It included nearly 2.6 million euro for unpaid tax and fines and penalties of just over a million euro.

Two other defaulters also exceeded the million euro mark - with company director Kieran Kenny of Duncarrig Road, Sutton, Co Dublin, paying 1.2 million euro and Spanish engineering firm Felguera Montajes y Mantenimiento handing over 1 million euro.

Revenue Commissioners said the total yield from audit and investigation programmes settled in the period over the three months was 113.1 million euro.

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