A Galway-based plant and machinery group has made a tax settlement totalling more than €110 million, Revenue’s latest tax defaulters’ list has shown.LPS International Plant Limited, which has listed Michael Leonard as its sole director since 2016, agreed a settlement of €106.6 million in the first quarter of this year, with €106.2 million unpaid. Mpl Plant Hire Limited, which has also listed Leonard as sole director and owner, agreed a €4.3 million settlement with Revenue, with €4.1 million still unpaid.The two settlements related to a Revenue investigation over under-declaration of VAT.Both firms were placed into liquidation last year, with Grant Thornton overseeing the process. In total, 21 separate settlements were registered with Revenue in the first quarter of this year.The majority of the cases were settled for fees between €101,000 and €500,000.The only other settlement for in excess of €1 million was linked to John Reid, a landlord and solicitor based in Gorey, agreed a €1.7 million settlement, of which the entire fee is still unpaid.More to follow...
Galway plant hire group makes €110m settlement with Revenue
Revenue publishes list of 21 settlements with a total value of €117 million
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