Galway’s Skeffington Arms Makes €4m Tax Settlement
11 December 2013
Posted by: Author: Colm Keena
Author: Colm Keena (The Irish Times)
Arms Hotel, nightclub and bar, on Eyre Square, Galway, has made a €4.13
million settlement with the Revenue Commissioners following an
investigation of its affairs.
The company that
operates the business had underdeclared corporation tax, PAYE/PRSI,
stamp duty and VAT, the investigation found.
amount of tax underdeclared was €1.8 million and the settlement included
interest of €951,744 and a penalty of €1.36 million.
The Skeffington Arms Hotel Ltd is owned by Thomas and Maeve Callanan,
of Barna, Galway. The settlement is on a list of tax defaulters
published today and which includes the Parnell GAA Club Ltd, of Coolock,
The club made a €101,794 settlement
arising from the underdeclaration of PAYE/PRSI and arising from a
Revenue audit case. The tax involved was €72,435 with the rest
comprising interest and penalties.
settlement on the list was made by John Joseph McCarthy, formerly of
Flower Lodge, Strawhall, Fermoy, Co Cork, who paid €6.28 million
following a Revenue investigation.The retired company director made the
settlement arising from the underdeclaration of income tax, capital
gains tax and stamp duty.
In all there were 88
settlements listed, for a total value of €27.59 million. Settlements
published are for amounts breach certain thresholds and the taxpayer is
deemed not to have made a qualifying voluntary disclosure. The list
covers settlements between July and September of this year.
Six of the settlements exceeded €1 million. A second business on Eyre Square appears on the list. Corrib House Hotels Ltd made a settlement of €371,892.
This article first appeared in irishtimes.com.