Belfast Telegraph

Ex-boss pays up in £10.8m tax deal

A retired businessman from Northern Ireland has made a 13.5 million euro (£10.8m) settlement with the tax man in the Republic - one of the largest ever.

Anthony Cafferkey, from Lisnarick Road, Irvinestown, Co Fermanagh has been named and shamed on the latest defaulters' list over his tax affairs.

Listed as a retired company director, Mr Cafferkey was investigated by the Revenue Commissioners in the Republic over the use of a bogus non-resident account and offshore assets.

He was also forced to make part of the settlement for under-declaration of income tax.

Mr Cafferkey's tax bill was 6.1m euro (£4.8m), interest of 3.25m euro (£2.6m) and penalties running to 4.2m euro (£3.4m.

His name is one of 117 listed in the Irish State gazette Iris Oifigiuil for settlements totalling 31.85m euro (£25.5m) with the Revenue for the three months to the end of June.

Also on the list was Robert Mizzell, originally from Louisiana in the US but living in Killinlahan, Ballynagore, Co Westmeath, who made a settlement worth 60,000 euro (£48,000).

Although he was only described as an entertainer by the Revenue, Mr Mizzell has been voted Ireland's favourite country music singer.

The singer, who also tours as part of the Three Amigos, has nine solo studio albums and a full length DVD to his name. He was investigated for under-declaration of income tax.

Mr Cafferkey's settlement is believed to be the single biggest published arrangement with tax inspectors since 2006.

The Revenue's investigation into his affairs centred on bogus non-resident accou nts - a tax evading scam where people set up accounts with false addresses from overseas in order to avoid paying tax on the interest on the deposits.

Mr Cafferkey was also investigated for tax liabilities over of fshore assets.

Among the other significant settlements tax inspectors have secured and published in the latest defaulters' list were Fergus O'Brien, a company director whose address was given as Auburn Drive, Killiney, Dublin who settled with a bill totalling 1.95m euro (£1.6m) for under-declaration of VAT and PAYE/PRSI.

A debt collection agent from the Ballymun area of north Dublin was also listed - Marcella Gibbons, with an address at Longdale Terrace in the estate, was hit with a bill for 138,997 euro (£112,000) for under-declaration of income tax.

Other substantial payments included t axi driver Michael Gill, Hillcrest Park, Glasnevin, Dublin who agreed a settlement for 636,447 euro (£510,536) for under-declaration of income tax.

Bob O'Sullivan, listed as a sports facilitator with an address at Grange Wood, Rathfarnham, Co Dublin settled for 871,579 euro (£699,244) for under-declaratioin of income tax while Margaret Keane, a publican and shopkeeper in Corner House, Cloonfad, Ballyhaunis, Co Roscommon settled for 668,994 euro (£536,716) for under-declaration of income tax, capital gains tax and VAT.

A hairdressing business which has gone into liquidation, the HSE Salon, at City Quay, in Dublin 2 was left with a bill for 1.3m euro (£1m) for u nder-declaration of VAT and PAYE/PRSI.


From Belfast Telegraph