A local businessman who is facing a tax demand for more than €10m from the Criminal Assets Bureau has been ordered to pay €20,000 for failing to make tax returns over four years.
William Marks, of Sandymount, Blackrock, Dundalk, yesterday confirmed guilty pleas for not making income tax returns to the Revenue Commissioners for 2002 to 2005.
A revenue official attached to CAB told Dundalk Circuit Court that arising out of an investigation he was satisfied that no such returns were filed.
The Revenue officer, identified as ‘Bureau officer 31′, agreed with prosecution counsel Shane Costello that there is ‘a divergence’ between the assessment raised by Revenue and the returns filed by the accused.
Mr Marks, also known as Liam, was fined €5,000 on each of the four offences after the court heard that he had been a major fundraiser for Louth GAA and the Sri Lankan Tsunami charity. A character reference from ex-Irish Greyhound Board chairman Paschal Taggart was handed into court.
Paul Williams of The Irish Independent has reported today that the charges arose from a complex investigation by the CAB, which was not referred to in court yesterday.
Source: Irish Independent
