Irish farmer owes €364k in taxes due to undisclosed income and undervalued VAT in agricultural sales.
A retired Irish farmer faces a tax bill of €364,513 after the Tax Appeals Commission upheld Revenue Commissioners' assessments. Between 2013 and 2015, he declared an income of €493,443 but had bank lodgements totaling €1.99 million. The TAC found he understated his income and failed to charge VAT on agricultural sales. Despite his appeals and explanations, the TAC deemed his evidence inadequate and noted undisclosed bank accounts.
September 11, 2024
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