Dáil Éireann Debate, Thursday - 14 October 2004
34 Mr. Stagg asked the Minister for Finance the number of individuals, 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 where settlements have been agreed and the amount paid to date; and the number of cases still outstanding. [24675/04]
Amharc ar fhreagraI am informed by the Revenue Commissioners that the inquiry has led to 452 cases being targeted for investigation.
To date 295 cases have been settled on payment of tax, interest and penalties amounting to a total of €48.12 million. A further 113 cases were finalised with no additional liability arising. The remaining 44 cases are the subject of ongoing investigation for which €4.70 million was paid on account.
In the course of 2003, three cases were prosecuted in the courts, 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 were also published where the provisions of section 1086 of the Taxes Consolidation Act 1997 applied.
