{"id":339793,"date":"2026-03-11T02:50:11","date_gmt":"2026-03-11T02:50:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/339793\/"},"modified":"2026-03-11T02:50:11","modified_gmt":"2026-03-11T02:50:11","slug":"killorglin-cryptocurrency-investor-settles-with-revenue-for-over-e155000","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/339793\/","title":{"rendered":"Killorglin cryptocurrency investor settles with Revenue for over \u20ac155,000"},"content":{"rendered":"<p>A cryptocurrency investor from Killorglin has had to pay over \u20ac155,000 in a tax settlement to the Revenue Commissioners.<\/p>\n<p>Revenue says the case arose after it found that Desmond O\u2019Keeffe, of 51 Knocklyne Valley in Killorglin, had under-declared capital gains tax linked to cryptocurrency investments.<\/p>\n<p>Mr O\u2019Keeffe had to pay a total settlement of \u20ac155,030, made up of over \u20ac98,000 (\u20ac98,442) in tax, \u20ac27,000 (\u20ac27,056) in interest, and almost \u20ac30,000 (\u20ac29,532) in penalties.<\/p>\n<p>Revenue identified the capital gains tax underpayment after a <a href=\"https:\/\/www.revenue.ie\/en\/self-assessment-and-self-employment\/documents\/code-of-practice-audit-short-guide.pdf\" rel=\"nofollow noopener\" target=\"_blank\">Level 2 Compliance Intervention<\/a>, a formal compliance check that is less serious than a full audit but more detailed than a simple Level 1 Compliance Intervention.<\/p>\n<p>The case is included in Revenue\u2019s latest list of <a href=\"https:\/\/www.radiokerry.ie\/news\/tax-defaulters\/\" rel=\"nofollow noopener\" target=\"_blank\">tax defaulters<\/a>, whose settlement cases were agreed between 1 October and 31 December 2025.<\/p>\n<p>The Revenue Commissioners say settlements are published when the extensive voluntary disclosure options are not availed of, and the default arises because of careless or deliberate behaviour.<\/p>\n","protected":false},"excerpt":{"rendered":"A cryptocurrency investor from Killorglin has had to pay over \u20ac155,000 in a tax settlement to the Revenue&hellip;\n","protected":false},"author":2,"featured_media":339794,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[155708,42,43,40,38,41,39],"class_list":{"0":"post-339793","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-cryptocurrency-investor","9":"tag-headlines","10":"tag-news","11":"tag-top-news","12":"tag-top-stories","13":"tag-topnews","14":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/339793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=339793"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/339793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/339794"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=339793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=339793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=339793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}