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Lowry – A Conscientious Tax Payer Who Never Intended To Evade Tax

Dublin Circuit Criminal Court

“A conscientious tax payer who had put his hand in his own pocket in order to save his company in difficult times” a quote by Mr Justice Martin Nolan, in Court No 9. Dublin Circuit Criminal Court today.

The conviction against Independent TD Mr Michael Lowry before Dublin Circuit Criminal Court today, related purely to a submission of incorrect accounts filed on behalf of Garuda Ltd, for the year 2006. The accounts were incorrect. They overstated the position in respect of corporation tax owed, by some €45,000 approximately.

This overpayment arose as a result of an earlier error in the 2002 accounts, latter which had resulted in an underpayment of Corporation Tax in a similar amount. The adjustment in the 2006 accounts was solely for the purpose of rectifying this error.  The net effect of the adjustment was that there was an underpayment of Corporation Tax to the sum of €5,541.00.

The Revenue Commissioners commenced an investigation into the Mr Lowry’s affairs and that of his company Garuda Limited in 2013. The Revenue Commissioners fully acknowledge that both Lowry and Garuda Ltd co-operated in their investigation.

Revenue also raised an assessment against Lowry in respect of alleged Income Tax due, arising from this underpayment. The assessment sought a sum of €1.1 million from Mr Lowry and his company in respect of the unpaid tax. He appealed this assessment and was successful, with the Income Tax demanded by Revenue being assessed or reduced to NIL / NOTHING TO PAY.

Notwithstanding this finding, the Revenue Commissioners continued to persist in the prosecution of Mr Lowry for submitting an incorrect ncome Tax return. The Judge would later direct the Jury to enter a finding of ‘NOT GUILTY’, to this same charge, halfway through the prosecutions case. In addition to his acquittal on a charge of filing an Incorrect Tax Return in 2002, the DPP also entered a Nolle Prosequi  or “Unwillingness to pursue” in a criminal prosecution, in relation to charges of filing incorrect accounts and incorrect information for 2002. The trial Judge went on to observe that the nature of the case against Lowry had changed, following this ruling and that the outstanding charges were far less serious than originally stated.

In imposing a fine only, on Mr Lowry personally and his Limited Company Garuda, Mr Justice Martin Nolan observed that the Revenue Commissioners were not at any financial loss as a result of these matters. He stated that Mr Lowry had no previous convictions, that he was a good employer and clearly a very good Public Representative.

Judge Nolan remarked that Michael Lowry never had the intention to evade tax and that he is a conscientious tax payer who had put his hand in his own pocket in order to save his company in difficult times”.  Judge Nolan made abundantly clear that he did not believe that either a custodial sentence or community service would be appropriate.  He fined Mr Lowry €15,000 on an incorrect Corporation Tax Return in 2006,  while his company Garuda Ltd was fined €10,000, for not keeping proper books of account.

Following the termination of this case, Mr Michael Lowry stated that he wished to express his thanks to his family, relatives, friends and staff for their continued support. He also said that he wanted to thank in particular, the people of Co. Tipperary for their steadfast loyalty and support over 22 years of turmoil.


Thurles Syndicate Wins €17 Million In Euro Millions Draw

The National Lottery has yet to confirm the winner of last nights Euro millions draw (June 5, 2018), however local information is stating that the lucky ticket was purchased here in Thurles, Co. Tipperary.

It is being widely reported that the winning ticket was purchased by a syndicate of employees; over 30 persons, working in Stakelums Home & Hardware on Racecourse Rd, Bawnanattin, Thurles, Co. Tipperary.

Congratulations to all.

The winning numbers were 9, 15, 22, 39 and 46. The Lucky Stars were 4 and 5.

The phrase “The Luck of the Irish” changes to “The Luck of Tipperary & Thurles”.
Back on October 25th last, 2017, Easons in the shopping centre here in Thurles sold a €7.5 million Lotto Jackpot ticket, which was won by a syndicate of friends.

A winning Lotto Plus One Jackpot ticket was purchased in Thurles in October 2013, while a National Lotto jackpot of €10,613,747 was sold by newsagent Mr Vincent Scanlon, Liberty Square, Thurles back in January of the same year.

A Euromillions winning €500,000 ticket was also sold in Co. Tipperary in April 2017, and a winning Lotto Plus 1 Quick Pick selection ticket also yielding a €500,000 prize, was sold at the Centra Store, Parkmore, Roscrea, in Co. Tipperary.


Lowry Welcomes Inclusion Of Tipperary In €4bn Rural Development Initiative

Lowry welcomes the inclusions of Thurles & Clonmel in the Government’s €4bn Rural Development; Urban Regeneration; Climate Action and Innovation – Project Ireland 2040 Initiative.

Speaking following the announcement; Tipperary’s Independent Deputy Mr Michael Lowry stated that he was delighted that both Thurles and Clonmel have been included in the Government’s €4bn Rural Development, Urban Regeneration, Climate Action and Innovation – Project Ireland 2040 urban and rural development initiative.

There will be 4 new funding options available under the scheme which is part of Project Ireland 2040, and will see €4 billion invested in qualifying areas over the next 10 years.

The breakdown of the funding options nationally are as follows:-
• €2 billion: Urban Regeneration and Development Fund – aimed at encouraging sustainable growth in Ireland’s five cities and other large urban centres.
• €1 billion: Rural Development Fund – aimed at supporting job creation in rural areas and support improvements in towns and villages.
• €500 million: Climate Action Fund – to support initiatives that contribute to the achievement of Ireland’s climate and energy targets.
• €500 million: Disruptive Technologies Fund – to be invested in the development and deployment of disruptive innovative technologies.

The Deputy stated, that this fund will require a collaborative approach between Government Departments, Local Authorities, Local Agencies, Public Bodies, and the Private Sector; all where appropriate. These agencies will work closely with local communities to transform our rural towns and villages and outlying rural areas; in conjunction with regional and local development plans for that area.

“The inclusion of Thurles and Clonmel is extremely welcoming and the application process will open in the coming weeks”, concluded Deputy Lowry.


Prize Bond Draw’s Star Prize Won In Tipperary

The Prize Bond Draw’s Star Prize for the 4th May 2018, has been won by one lucky Prize Bond holder here in Co. Tipperary.

The lucky Prize Bond, which was purchased in 2016, wins for its owner €50,000 (Prize Bond number AEU325218). Over 4,000 prizes were awarded in this week’s Prize Bond Draw, amounting to over €250,000.

In addition to a €1 million prize awarded on the last weekly draw of June and December, there remain weekly draws where the top prize is €50,000, with other cash prizes each week including 10 of €1,000 and 10 of €500.

Your Prize Bond, which is a State Savings product offering holders the chance to win tax-free cash prizes every week; can always be cashed in at any time after the minimum holding period of three months.

Prize Bonds can be purchased by Direct Debit; online at www.StateSavings.ie; by telephone to callsave 1850 30 50 60 or at your local Post Office. Holders can check draw results online at www.StateSavings.ie.

Last Month 16,776 Prize Bond investors received a total of €1,094,600.00 in Tax Free cash prizes.


Two Million Guaranteed For Tipperary Flood Relief Schemes

Independent TD Mr Michael Lowry has today stated that he is delighted to confirm that both Nenagh and Golden in Co. Tipperary, are to be included in the Governments new Flood Management plan; each to be viewed as an individual priority scheme.

The flood relief schemes for both areas have now been sanctioned by Mr. Kevin ‘Boxer’ Moran, T.D., Minister of State with responsibility for the Office of Public Works (O.P.W ) and Flood Relief.  Same schemes are scheduled to progress with sufficient funding guaranteed to completed all the necessary works.  Flood Relief Schemes for these areas are estimated to cost €2 million, which is now guaranteed by the O.P.W.

The O.P.W in conjunction with Tipperary Co. Council Engineers, will further examine all available options and solutions before implementing agreed appropriate engineering strategy to avert future flooding events in both these areas.

“While the total costs cannot be determined until a specific design is sanctioned; the estimated combined cost of both schemes of €2 Million is wholly and absolutely guaranteed”, stated Deputy Lowry.