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

19th April, 2020
CAB hits businessman with €126k tax bill
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.

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Regulator moves against Wealth Options Trustees

Legal Róisín Burke 4 days ago

RTÉ settlements topped €20k five times since 2019

Legal Donal MacNamee 6 days ago

Irish Gold Bullion boss fails to block wind-up of company after death threat claims

Legal Eva Short 1 week ago

Barristers earn a ‘ridiculous’ €25 a day to appear at court

Legal Rosanna Cooney 1 week ago