No employees, €3.6 million profits, a liquidation, and a €106 million tax bill. This is the unusual picture surrounding the bumper settlement this week by Revenue against a Co Galway plant-hire business. LPS International Plant Limited, of Knockdoe, Co Galway, was named on Revenue’s tax defaulters list for the first quarter of 2026 alongside a total sum of €106,609,749 owed to the taxman. Revenue’s investigation total is made up of €46.2 million from underdeclared Vat, €14.1 million in interest and €46.2 million in hefty penalties. About €300,000 of that has been paid but more than €106.2 million remains outstanding. It…

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