Kairos make €90k ‘precautionary’ pay-out to revenue

Kairos make €90k ‘precautionary’ pay-out to revenue
Staff reporter

The director of the company involved in the production of the daily ‘Angelus’ for RTÉ has said its settlement for more than €90,000 with the Revenue Commissioners was a “precautionary voluntary disclosure” to ensure it was tax compliant.

Fr Finbarr Tracey of Kairos Communications Ltd told The Irish Catholic that the pay-out, amounting to €92,603.18, “was made following an internal review of the company’s tax treatment of individuals whose services had been provided to Kairos Communications as self-employed contractors”.

He said the company had discovered that “not all of its contractors would fit the same criteria and therefore would need to be handled in different ways”.

“Kairos Communications sought professional advice on the matter and adopted stricter policies to ensure that the company is in full compliance with relevant Revenue guidelines into the future.

“The precautionary voluntary disclosure ensured that the company was compliant with these guidelines retrospectively,” he said.

Fr Tracey insisted he was “confident that the company is compliant with all Revenue guidelines and requirements”.

“The Revenue Commissioners informed Kairos Communications that they have accepted the settlement of additional liabilities and thanked the company for its co-operation,” he said.

Kairos Communications, which is based in Maynooth, has functioned as a media production and training facility for more than 30 years.