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Ireland: Dáil committee to write again to Wallace over tax under-declaration

25 June 2012   (0 Comments)
Posted by: SAIT Technical
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By Pamela Duncan (Irish Times)

The Dáil Select Committee on Members' Interests says it will again write to Independent Wexford TD Mick Wallace in relation to his tax affairs "seeking answers to all the questions asked of him by the committee last week”.

The committee, which has been requested to examine the issues raised by the TD's admission that he knowingly made a false VAT declaration to the Revenue in respect of his construction company MJ Wallace Ltd, met again in private session yesterday morning.

In a statement yesterday, the committee said it had written to Mr Wallace last week but would be doing so again.

"Following receipt of certain information from Deputy Wallace, the committee is to write to Deputy Wallace again seeking answers to all the questions asked of him by the committee last week which sought to establish certain facts concerning the dates of various actions and that he authorise the Revenue Commissioners to correspond with the committee on the same matters.”

The committee was tasked to examine Mr Wallace's VAT affairs after the revelation that he made a €2.1 million settlement with the Revenue Commission for under- declaration of VAT arising from the failure of MJ Wallace Ltd to make full tax returns on apartment sales over a two-year period.

The committee is due to meet again next week.


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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