Belfast Telegraph

Nightclub business faces tax bill

Impresario John Reynolds' nightclub business has been forced to hand over almost half a million euro as part of an investigation into tax defaulters.

Pod Entertainment Ltd, run by the Electric Picnic organiser and nephew of former taoiseach Albert Reynolds, has been ordered to make a settlement of 479,211 euro in unpaid tax, interest and penalties, Revenue officials revealed. The company was behind well-known Dublin music venues Tripod and Crawdaddy, which shut down last month.

The settlement was the seventh largest on the latest published list of tax defaulters and was related to an underdeclaration of VAT.

The largest settlement involved dentist James Madden, of Ballylennon House, Palatine, Carlow. He was forced to pay more than 1.73 million euro in tax, interest and penalties. Revenue officials said the dentist was targeted under a bogus non-resident accounts and offshore assets investigation as well as for underdeclaration of income tax.

A former assistant manager at Fas, who was last year jailed for four years for defrauding the State training and employment agency, has been ordered to make a settlement of nearly three quarters of a million euro.

James Brooke Tyrrell, of Church Gate, Church Road, Greystones, Co Wicklow, must hand over 724,682 euro to Revenue. Described in the tax defaulters list as a video production service supplier, he was investigated for underdeclaration of income tax and VAT.

Property developers George and Ruth Raymond of Rustica, Upper Kindlestown, Delgany, Co Wicklow, have been ordered to pay 890,641 euro for underdeclaration of VAT. Ibrahim El Sherif, a doctor with an address at 62A Holywell, Upper Kilmacud Road, Stillorgan, Dublin, must make a settlement of 524,194 euro after being investigated for underdeclaring income tax, the report shows.

Celebrity chef Conrad Gallagher's Boutique Restaurants Concepts Ltd - which ran his Salon des Saveurs eaterie on Aungier Street, Dublin - was fined 652 euro for failure to hold a current liquor licence. The High Court ordered the company be wound up last year over unpaid taxes.

Meanwhile, Meath GAA star Graham Geraghty and his wife Amanda were handed down 6,250 euro in fines for failing to return statements of their financial affairs, the tax defaulters report reveals.

Revenue said almost 15 million euro was recovered in 90 cases overall during the final three months of last year. Nearly half the cases involved amounts over 100,000 euro, six were for more than 500,000 euro, of which one was for over one million euro. The published settlements reflect only a portion of all Revenue audits and investigations.

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