Dáil Éireann Debate, Tuesday - 23 March 2004
69 Ms Shortall asked the Minister for Finance the number of persons, companies and trusts being investigated by the Revenue Commissioners arising from the Clerical Medical Insurance/NIB Inquiry at the latest date for which figures are available; the number of cases in which settlements have been agreed and the amount paid to date; the number of cases still outstanding; and if he will make a statement on the matter. [8952/04]
Amharc ar fhreagraI am informed by the Revenue Commissioners that arising from the Clerical Medical Insurance/NIB inquiry, 452 cases have been targeted for investigation. To date, 287 cases have been settled on payment of tax, interest and penalties amounting to a total of €44.46 million. A further 111 cases have been finalised with no additional liability arising. The remaining 54 cases are the subject of ongoing investigation, in respect of which €4.58 million has been paid on account.
In the course of 2003, three cases were prosecuted, with fines being imposed in two cases and a suspended sentence imposed in the other. The individuals concerned have also settled their tax affairs and paid the outstanding tax, together with interest and penalties. A further case is currently under investigation with a view to prosecution.
Aggregate results of the ongoing investigations have been published each year since 1998 in the annual reports of the Revenue Commissioners. Individual details of settlements have also been published where the provisions of section 1086 of the Taxes Consolidation Act 1997 applied.
