Belfast Telegraph

Tax bill for racehorse trainer

Derby winner Christy Roche has become the second racehorse trainer this year named and shamed over unpaid taxes.

The Kildare-based national hunt boss has been hit with a bill for 165,468 euro after an investigation by the Revenue Commissioners.

In September it was confirmed that champion horse trainer Aidan O'Brien had been sent a bill for more than half a million euro for unpaid tax.

Roche, 62, of Curragh View House in Co Kildare, who won the Irish Derby as a jockey in 1982, 1992 and 1997 and famously the Epsom Derby on Secreto in 1984, has been fined over under-declaration of income tax and as part of the Revenue Offshore Assets investigations.

His name was on the Revenue's Defaulters' List after being ordered to pay 70,494 euro in tax and 94,974 euro in interest and penalties.

Roche retired from the saddle in August 1998 after an illustrious 30-year career and now trains horses almost exclusively for his chief patron JP McManus.

A total of 84 taxpayers and businesses were on the Defaulters' List with unpaid taxes and penalties totalling 18.95 million euro. Forty were for amounts of more than 100,000 euro, of which eight were over 500,000 euro and four of those exceeded one million euro.

Revenue said two settlements worth 580,000 euro were linked to bogus non-resident account holders, 14 worth 6.49 million euro involved offshore funds, and four settlements of 790,000 euro were linked to the inquiry into single premium insurance products.


From Belfast Telegraph