Belfast Telegraph

Fermanagh man pays out £10.8m to the taxman in Republic

By Ed Carty

A retired Northern Ireland businessman has made a €13.5m (£10.8m) settlement with the taxman 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 (£4.8m), interest of €3.25m (£2.6m) and penalties running to €4.2m (£3.4m).

His name is one of 117 listed in the Irish State gazette Iris Oifigiuil for settlements totalling €31.85m (£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 (£48,000).

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

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 accounts – 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.

Belfast Telegraph


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