Courts / Tipperary / Report
Unsigned tax form "didn't amount to a hill of beans", Lowry trial hears
Summary
During the Dublin Circuit Criminal Court hearing, barristers for Michael Lowry's company argued that a corporation tax (CT1) form submitted on behalf of Garuda Ltd was unsigned and therefore not actionable. The court reviewed several tax returns: an income tax return for 2002 showing Lowry's total income of €151,050, a CT1 for 2002 indicating a loss of almost €100,000 and a refund of €3,500, and a CT1 for 2006 showing an income of €915,000 with a tax liability of €114,000. Revenue had issued letters in 2013 claiming that £248,624 received by Garuda in 2002 constituted taxable income, amounting to €516,000 in tax, penalties and fines for Lowry and €510,000 for the company. Lowry, aged 64, pleaded not guilty to four charges of filing incorrect tax returns between 2002 and 2007 and one charge of failing to keep proper accounts for the same period.
Who, what, where, when and why
What: Report matter: Unsigned tax form "didn't amount to a hill of beans", Lowry trial hears. Procedural stage: trial
When:
- October 2003 Hearing Or Sentence
- December 31, 2002 Other
- August 2007 Hearing Or Sentence
- January 2006 Other
- October 2014 Other
- August 26, 2013 Other
- August 2002 Hearing Or Sentence
- 28 August Other
- August 3, 2007 Other
- 31 December 2006 Other
- 2018-06-12 Publication
Why: Credit: Collins) A corporation tax form submitted on behalf of Michael Lowry's business "didn't amount to a hill of beans" because it was unsigned, barristers for the company have said. CNI source report
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