State spending tsar criticises Revenue after firm’s €113m tax bill is settled for €10m

The state spending tsar has recommended that Revenue records more details around its settlement procedures with taxpayers as it disclosed that the tax authority settled a €113 million tax payment with a company for €10 million last year.

The Comptroller & Auditor General’s annual report, released this month, detailed a number of large settlements the taxman entered into in 2018. In one of the cases, the Revenue made the €10 million assessment before ...