A CARLOW car dealer faces a €10m settlement with the Revenue Commissioners for underpayment of tax.
The case relates to Meridian Motors 2014 Ltd and Meridian Motors Ltd, both of Sleaty Road, Graiguecullen. The companies are now in liquidation.
The settlement involves €4.2 million of tax, €4.1 million of penalties and €2.3 million of interest. It follows a Revenue audit case for underpayment of PAYE/PRSI/USC and VAT. The monies had not yet been paid as of 30 June last, according to Revenue.