25/10/2007

Heavy Fines For Tax Fraud Hoteliers

The brothers who own the popular Canal Court Hotel in the border town of Newry have been fined £1.1m each for tax evasion.

Patrick and John McParland were also given suspended four-year jail sentences and have been banned from directing any company for seven years.

The brothers pleaded guilty to making tax declarations to the inland revenue which failed to disclose details of more than 20 bank accounts.

The case involved tax declarations in the 1980s and 90s and covered the period from April 1971 to August 1992.

(BMcC)

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