Friday June 5, 2020

CAB hits businessman with €126k tax bill

Bureau rejects waste collector’s assertion that large lodgements to credit union account came from motor compensation claims

Michael Brennan

Political Editor

19th April, 2020
CAB charged a businessman with a €126,000 tax bill after he claimed to have received six different motor compensation payouts. Picture: RollingNews,ie

A businessman who claimed to have received six different motor compensation payouts has been hit with a €126,000 tax bill by the Criminal Assets Bureau.

The man, whose identity has not been released, described himself as a waste collector and a second-hand car salesman.

He attributed some of the large lodgements to his credit union account to the proceeds of compensation claims from motor incidents, in his appeal against the tax bill.

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