#revenuecommissioners

Irish Independent : Independent | Revenue pursued people for €9m in inheritance tax after audits flagged non-compliance AI generated summary, Read the full article for complete information. Revenue Collectors seized almost €9 million in inheritance‑tax arrears after audits flagged non‑compliance, revealing that children may inherit up to €400,000 tax‑free while any excess is taxed at 33 %. The levy has drawn criticism because the tax‑free threshold is lower for other relatives, prompting a high‑profile campaign calling for reform of Ireland’s inheritance‑tax system. Read more: https://www.independent.ie/irish-news/revenue-pursued-people-for-9m-in-inheritance-tax-after-audits-flagged-non-compliance/a235394475.html #RevenueCommissioners #inheritancetax

Irish Independent : Independent | Revenue asks for winding-up of companies with tax debts of close to €1m owned by developer Greg Kavanagh AI generated summary, Read the full article for complete information. The Revenue Commissioners have applied to the High Court to wind up several companies owned by property developer Greg Kavanagh, citing tax debts totalling nearly €1 million; one of these firms, Fofo Investments, was identified last year as a tax defaulter owing €541,000, with none of the amount paid to the tax authority. Kavanagh, however, claims that other businesses he controls are due refunds of more than €6 million. The article, written by John Mulligan for the Irish Independent’s Business section, was published yesterday at 06:30. Read more: https://www.independent.ie/business/irish/revenue-asks-for-winding-up-of-companies-with-tax-debts-of-close-to-1m-owned-by-developer-greg-kavanagh/a499488437.html #GregKavanagh #RevenueCommissioners #HighCourt #FofoInvestments #JohnMulligan