Unpublished tax settlements worth nearly three quarters of a billion euro paid to Revenue Commissioners in 2023

Almost €750 million was paid last year to Revenue in unpublished tax settlements with more than €200 million of that linked to the finance and insurance industries.

The Revenue Commissioners said the twenty largest settlements – specific details of which are not made public – accounted for €383 million in tax payments, or an average of around €19.2 million each.

Altogether, there were 57,873 cases settled by Revenue in 2023 where companies or individuals reached agreement over underpaid tax without their identities or names being listed in defaulter lists.

Figures released under FOI show that of the €749 million in unpublished settlements made last year, most cases related to companies with payments totalling €612 million.

There were a further 18,804 cases involving individual taxpayers, which accounted for €121 million of the tax paid as part of agreements on arrears.

Another €6.1 million was paid by 1,215 different partnerships while 213 “trusts estates” paid up just over €5 million, according to the figures.

There were also 828 unincorporated bodies that made settlements totalling €4.1 million as well as a small number of other miscellaneous cases.

The Revenue Commissioners said they would not provide any further detail on the twenty largest settlements apart from the €383 million total that was paid.

They said any further breakdown of the figures could serve to identify the companies or individuals who were involved in the tax agreements.