Newly released records point to abuse by a small cohort of companies of an unintended pension loophole introduced by the finance department despite warnings from tax authority insiders.
Eight data sets reveal Revenue’s approach to pursuing debts, agreeing deals, and targeting tax-avoidance schemes.
The Fennell family has put its heart and soul into the Burtown House restaurant and gardens near Athy over the last decade. A shift toward events brings confidence it will come out the other side of the Scarp restructuring process.
From the RTÉ Guide to food packaging for Musgraves, Drogheda-based Boylan Printing has an enviable client list. But Covid-era debt and soaring energy costs have left it millions in the red.
The finance department examined potential changes in the run-up to Budget 2025 to close the loophole. Revenue officials warned it allowed a director to employ a family member on an artificially low wage and still fund a pension fund for them of up to €2 million tax free.
Revenue ceased enforcement activity during the pandemic. But the leniency has long ended. So, what strategies is Revenue turning to to enforce its debts? And how much money is being actively pursued?
The Department of Finance and Revenue are refusing to release details of the examination of a €2 million tax loophole, claiming they are part of ongoing deliberations around this year’s finance bill.
A new tax appeal judgment gives an insight into the latest of many attempts by Revenue to claw back hundreds of millions of euro wrongfully claimed under pandemic support schemes.
Two years ago, officials warned about pension proposals allowing company owners "to avoid income tax" but the rule changes passed in the next budget. Now Revenue has sent PRSA concerns for "further examination" by the Department of Finance.
Ireland’s tax chief Niall Cody talks lessons from the pandemic, the 15 per cent corporation tax, drugs trends and taxing the influencers.
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