Ireland
UK
Scotland
London
A record tax settlement has been made at an Irish court, forcing an Offaly concrete firm to payout more than €8m in overdue duties.
Revenue officials probed family-owned Condron Concrete Works, based in Tullamore, over offshore assests.
Investigators found that the firm, founded by John Condron in 1969, had under-declared on in its PAYE, PRSI and corporation tax returns.
In the third largest settlement since Revenue began exposing tax defaulters, the Condron family have agreed to pay €2.9m in unpaid tax as well as a massive €5.2m in interest and penalties.
The two previous highest figures were €22 million and €9.2 million respectively.
A recent list of tax defaulters showed 111 individuals and companies had made settlements with the Revenue totalling over €24m this year.
(PR/JM)
