A Co-Galway plant sales company was found to owe Revenue more than \u20ac106.6m following an investigation by the tax authority.<\/p>\n
In its latest Tax Defaulters List, Revenue said LPS International Plant Ltd, which was based in Cnoc Tua, Baile Ch\u00e1ir, under-declared VAT to the tune of more than \u20ac46.2m.<\/p>\n
It added almost \u20ac14.17m in interest and more than \u20ac46.2m in penalties, bringing the total owed to exactly \u20ac106,609,749.<\/p>\n
The vast majority of that – \u20ac106,240,267 – remains outstanding, according to Revenue.<\/p>\n
Company records show that LPS International was incorporated in November 2016, specialising in the import and export of plant machinery.<\/p>\n
In 2023 it listed one director; Michael Leonard of Cnoc Tua, Baile Ch\u00e1ir, Co Galway. At the end of 2023 it had a profit of \u20ac3.6m, up from \u20ac1.9m the previous year.<\/p>\n
The company is now in liquidation.<\/p>\n
The latest Tax Defaulters’ List includes a second case relating to MPL Plant Hire Ltd, which was also based in Cnoc Tua, Baile Ch\u00e1ir. and which also lists Michael Leonard as its sole director.<\/p>\n
Following an audit the plant hire and sales firm was found to owe almost \u20ac1.86m in under-declared PAYE\/PRSI\/USC and VAT. Revenue added \u20ac604,449 in interest, and almost \u20ac1.86m in penalties – bringing the total owed to just under \u20ac4.32m.<\/p>\n
Just over \u20ac4.12m of that remains outstanding.<\/p>\n
The company is now in liquidation.<\/p>\n
Separately, the Tax Defaulters’ List details the \u20ac1.75m owed by Co-Wexford landlord and solicitor John Reid of Tara Hill in Gorey.<\/p>\n
That was made up of \u20ac792,280 in under-declared income tax which was identified following an audit. A further \u20ac736,086 was added in interest, with \u20ac234,693 added by way of a penalty.<\/p>\n
The total amount remains outstanding.<\/p>\n
In total Revenue settled 21 cases in the period, worth a total \u20ac117m.<\/p>\n
The list also included a further 84 cases relating to court-imposed fines, worth a combined \u20ac147,927.<\/p>\n","protected":false},"excerpt":{"rendered":"A Co-Galway plant sales company was found to owe Revenue more than \u20ac106.6m following an investigation by the…\n","protected":false},"author":2,"featured_media":502776,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-502775","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/502775","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=502775"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/502775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/502776"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=502775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=502775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=502775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}