The Tax Appeals Commission found substantial discrepancies between the farmer's declared income and bank lodgements, totaling €1.99 million against a reported income of €493,443.
At the hearing, the farmer described his appeal against the Revenue assessments as 'off the scale altogether' and insisted 'no one knew what they were about', highlighting the confusion he faced.
Despite providing three different explanations for the discrepancies, Commissioner Simon Noone concluded that none satisfactorily accounted for the significant difference in reported income versus bank lodgements.
Commissioner Noone upheld an amended Revenue assessment of €364,513, emphasizing that the farmer had failed to clarify the substantial income discrepancies, reflecting issues of transparency.
#tax-appeals-commission #income-discrepancies #revenue-assessments #agriculture-taxation #financial-transparency
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