A motor vehicle dealer has been hit with a tax bill of more than €11.7 million following an investigation by the Revenue Commissioners in what is one of the largest settlements of its kind. There were 30 settlements made with Revenue during that period, totalling €21,371,188. Mr Daly was the subject of a Revenue investigation for the non-declaration of income tax and VAT. He was ordered to pay €4.75 million in taxes, €2.5 million in interest and €4.75 million in penalties. Following a Revenue audit for non-declaration of PAYE, PRSI, and USC, the company was ordered to pay tax of €188,432, interest of €148,472.01, and penalties of €56,529.

Source: The Irish Times June 15, 2021 16:52 UTC