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Skeff group fined €4.5m by Revenue

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  • 10-12-2013 7:18pm
    #1
    snubbleste
    Banned (with Prison Access) Posts: 31,117 ✭✭✭✭


    The companies have been found to underpay tax as a result of an audit
    Corrib House Hotels Ltd Under-declaration of Corporation Tax & VAT €371,892.50
    Skeffington Arms Ltd Under-declaration of Corporation Tax, PAYE/PRSI, Stamp Duty & VAT €4,133,814.75
    http://www.revenue.ie/en/press/defaulters/defaulters-list2-sept2013.pdf

    I'm assuming they are connected as they are at the same address. That's a pretty significant chunk of money to have to pay.


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    #2
    pleasant Co.
    Moderators, Technology & Internet Moderators Posts: 7,401 Mod ✭✭✭✭pleasant Co.


    wow.


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    #3
    dropping_bombs
    Registered Users Posts: 235 ✭✭dropping_bombs


    Jesus! What do the Skeff group own? It is just the Skeff and Karma?


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    #4
    empacher
    Registered Users Posts: 1,864 ✭✭✭empacher


    dropping_bombs wrote: »
    Jesus! What do the Skeff group own? It is just the Skeff and Karma?

    And karma athlone markey mark


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    #5
    biko
    Registered Users Posts: 81,220 ✭✭✭✭biko


    I wonder if our finger food on Friday is in danger now?


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    #6
    Iwannahurl
    Closed Accounts Posts: 8,156 ✭✭✭Iwannahurl


    You'll be grand. Just ask for a receipt. :)


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    #7
    Mrs OBumble
    Registered Users Posts: 25,960 ✭✭✭✭Mrs OBumble


    Underpaying PAYE/PRSI is particularly scummy: often the employees affected don't find out about it for years ... until they need a benefit for some reason and discover that they're not eligible.


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    #8
    [Deleted User]
    Posts: 5,121 ✭✭✭ [Deleted User]


    The fine was €1.3 , interest €0.9 and tax was €1.8


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    #9
    JONJO THE MISER
    Banned (with Prison Access) Posts: 12,333 ✭✭✭✭JONJO THE MISER


    Guess the price of a pint will be going up.


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    #10
    Dan_Solo
    Banned (with Prison Access) Posts: 10,087 ✭✭✭✭Dan_Solo


    JONJO THE MISER wrote: »
    Guess the price of a pint will be going up.
    Thought they were one of the pricier spots anyway?


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    #11
    Ms.Sunshine
    Registered Users Posts: 441 ✭✭Ms.Sunshine


    They also own the price of wales in Athlone I think


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    #12
    Seaneh
    Banned (with Prison Access) Posts: 18,300 ✭✭✭✭Seaneh


    They own two hotels (skeff and prince of wales) two night clubs (karma athlone and galway) and a few other bits and pieces.

    The family is ridiculously wealthy anyway and the company turns a decent profit so they will be grand.


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    #13
    Iwannahurl
    Closed Accounts Posts: 8,156 ✭✭✭Iwannahurl


    Seaneh wrote: »
    The family is ridiculously wealthy anyway and the company turns a decent profit so they will be grand.


    So why fiddle the tax? :confused:


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    #14
    Seaneh
    Banned (with Prison Access) Posts: 18,300 ✭✭✭✭Seaneh


    Iwannahurl wrote: »
    So why fiddle the tax? :confused:

    The same reason most people fiddle tax, greed. The family who owns the business has access to sums of money which is multiples of the €4.5million they have been ordered to pay.

    They need to fire their accountant. Whoever he was, they need someone who will have them paying as little tax as possible without breaking the law, the fact that whoever it was doing their books was willing to let them break the law means they were a bad accountant.


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    #15
    Scortho
    Closed Accounts Posts: 3,876 ✭✭✭Scortho


    Seaneh wrote: »
    They own two hotels (skeff and prince of wales) two night clubs (karma athlone and galway) and a few other bits and pieces.

    The family is ridiculously wealthy anyway and the company turns a decent profit so they will be grand.

    Any company that doesn't pay 1.8 million in tax is going to be turning a decent profit!:)


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    #16
    ScouseMouse
    Closed Accounts Posts: 5,070 ✭✭✭ScouseMouse


    Seaneh wrote: »
    The same reason most people fiddle tax, greed. The family who owns the business has access to sums of money which is multiples of the €4.5million they have been ordered to pay.

    They need to fire their accountant. Whoever he was, they need someone who will have them paying as little tax as possible without breaking the law, the fact that whoever it was doing their books was willing to let them break the law means they were a bad accountant.

    you are assuming the accountant knew about it. The accountant can only work with the figures they are given.

    If door entry is a tenner and 50 entries disappear, thats 500 quid thats "disappeared"


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