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Tag Archives: PRSI

Contractor avoids jail in €2.5m fraud case

AN Ennis building contractor who was “ill prepared” to be in charge of a company employing hundreds of people, has escaped jail but been fined €10,000, having committed “significant Revenue fraud of €2.594 million”. Patrick Mahony, 49, with an address at Craglea, Woodstock was sentenced at Ennis Circuit Criminal Court on Tuesday, having pleaded guilty to five charges out of a total of 16 under the Taxes Consolidation Act 1997. The accused was a former director of Boxform Limited, now in liquidation, a company that had a turnover in excess of €8m at its peak and employed up to 350 people nationwide. The outstanding tax liability across the 16 charges, the court outlined, came to €2,594,446. The five charges are that Mahony, as a director of Boxform Limited, “knowingly or wilfully” delivered incorrect VAT returns to the Collector General in connection with the VAT periods of January/February 2006, November/December 2006 and November/December 2007. He also admitted to failing to file …

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Clare to gain from PRSI reforms

The PRSI reforms announced by Minister for Social Protection Leo Varadkar, will benefit small business in Clare, is has been stated. “Small businesses and the self employed sector are the back bone of our economy and are particularly essential in the future economic stability of rural Ireland, accordinig to Minister for Employment and Small Business Pat Breen. “These tax equalisation measures will ensure that if a self-employed person’s business experiences a bad year or a few bad years and they don’t pay PRSI in those years, they can now protect or improve their right to a contributory State pension, and a pension for their spouse or child’s guardian should they die prematurely,” added the Care deputy. “This Government continues to support growing small businesses and promoting job creation, at a time when we see a 12.7 per cent decline in the live register figures here in Clare since this time last year. “The Fine Gael TD said the new PRSI …

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