THE COMPANY set up by the late singer Joe Dolan and his brother Ben to promote his concerts has been hit with a €3.85 million settlement in the latest list of tax defaulters.
Monroe Mullingar underpaid a total of €1.764 million in income tax, VAT, PAYE and PRSI, a Revenue investigation found. Interest and penalties of €2.09 million were added to the bill, according to the list published yesterday in Iris Oifigiúil.
The company was established in 1980 to promote the popular midlands entertainer, with Joe and Ben Dolan as directors. It was dissolved in 2006.
Ben Dolan, who at various stages in his brother’s career played in his band, separately settled his affairs with the Revenue for €279,542. He was judged liable for €115,565 in income tax and capital gains tax, with interest and penalties making up the rest of the settlement.
Another high profile figure named in the defaulters list is Meath National Hunt trainer Tony Martin. His Summerhill yard is known in racing for landing significant gambles on the course with his horses. He settled for €139,697.80 over under-declared PAYE and PRSI of €104,770.
Cork businessman Joseph Clayton Love jnr was named as settling his liability arising from the report into the affairs of Ansbacher Bank.
Clayton Love, who consistently denied being an account holder with Ansbacher even after the report was published, paid Revenue €1.4 million in respect of a €530,000 income tax liability.
The second largest settlement was by a clothing wholesaler, Bright Blade Ltd, with an address in Lansdowne Road, Dublin. It paid €3.5 million in tax, interest and penalties over outstanding VAT, corporation tax, PAYE and PRSI.
The company behind Sligo Rovers FC, the FAI Premier League team which this time last year was struggling for financial survival, was also named among the defaulters. Sligo Football Sports Development Society paid €55,400 in PAYE, PRSI, interest and penalties.
The Victorian Salvage Joinery Company, a Dublin provider of furniture and fittings to homeowners refurbishing period properties paid €51,115.40 over underdeclared VAT.
A total of 105 settlements amounting to €32.6 million agreed in the first three months of the year were listed yesterday. They include nine settlements in excess of €1 million.
The settlements detailed in the list account for just a fraction of the €205.7 million raised by the Revenue as a result of audits or special investigations between January and March this year.
