No more evictions!

[Rossfan]

So what is he then?

[Mayo4Sam]

So what is he then?

I don't know, he might do some farming but farmers don't register for VAT

[Orchard park]

So what is he then?

I don't know, he might do some farming but farmers don't register for VAT

Some farmers do as per a previous link i posted.....

But you know more than anyone else here and because you don't recognise his name he just became a developer not a farmer....


That's in effect your position... mayo4sam......

[Itchy]

These debts are not from farming. Farmers do not register for VAT. We have the best of both worlds where we can claim back VAT for improvements to our land but don't have to add VAT to our sales.
The description of this man as a farmer is misleading

Funny my brother in law is a farmer and is registered for VAT and he's no a million miles from mayo either. Less of the generalisations

[Main Street]

 Varadkar made some drone like banal comments on this violent eviction by a bunch of hired thugs, in the Dail today. Whenever I  hear him  expressing a concept called an emotion, he sounds robotic as if he's reading a stop start telegram, not unlike my favoured  computer voice, Bruce, but at least I can tune Bruce into delivering a few jokes.
Perhaps Leo is an Irish version of a Stepford Wife

[Mayo4Sam]

So what is he then?

I don't know, he might do some farming but farmers don't register for VAT

Some farmers do as per a previous link i posted.....

But you know more than anyone else here and because you don't recognise his name he just became a developer not a farmer....


That's in effect your position... mayo4sam......

There's plenty of farmers on here, I'm sure some if them can give their opinions on VAT

[sid waddell]

Varadkar made some drone like banal comments on this violent eviction by a bunch of hired thugs, in the Dail today. Whenever I  hear him  expressing a concept called an emotion, he sounds robotic as if he's reading a stop start telegram, not unlike my favoured  computer voice, Bruce, but at least I can tune Bruce into delivering a few jokes.
Perhaps Leo is an Irish version of a Stepford Wife

You call them "thugs".

What thuggery did they commit? All I saw on the video taken by a "protestor" was reasonable, minimal use of force which certainly didn't look like assault or anything close to it.

I can give you a list of blatant thuggery committed by the "protestors", though.

i) Setting fire to at least five vehicles.
ii) Attacking the security guards with baseball bats.
iii) Killing a dog.

Do you consider this to be thuggery?

[sid waddell]

A lot of idle speculation here and elsewhere.

Who knows what way this man's mind has beenn or what irrational pressures he has helped put himself under.....

But the cheap easy way is to routinely nlacken and label fraudster criminal and whatever your having uourself.


I haven't met the man in question since his late mothers  funeral over 3 years ago, I grew up with an  older brother,  uninvolved in this, and I don't claim to know the facts so I find it ironic total strangers feel qualified to judge and hang

I don't think there's any idle speculator in stating that this man owed at least half a million or so in debt to a number of different debtors. There is no indication that he has discharged his outstanding VAT bill, he has 4-5 orders charging land against the property folios and that doesn't include the KBC debt.  His debts seem to have arisen at the outset of the economic downturn, and like many others it has hit him very hard.  In my experience a bank will rarely try to repossess a family home,  particularly when there are other people living in the premises.  It would be the very last resort for them to do so.  This to me would suggest that they have tried and failed and with increasing levels of charges being registered against the property the fear of a diminishing return on any repossession may have forced their hand

From reading the Irish Times today it seems it's over €800,000.

[Hound]

A lot of idle speculation here and elsewhere.

Who knows what way this man's mind has beenn or what irrational pressures he has helped put himself under.....

But the cheap easy way is to routinely nlacken and label fraudster criminal and whatever your having uourself.


I haven't met the man in question since his late mothers  funeral over 3 years ago, I grew up with an  older brother,  uninvolved in this, and I don't claim to know the facts so I find it ironic total strangers feel qualified to judge and hang

I don't think there's any idle speculator in stating that this man owed at least half a million or so in debt to a number of different debtors. There is no indication that he has discharged his outstanding VAT bill, he has 4-5 orders charging land against the property folios and that doesn't include the KBC debt.  His debts seem to have arisen at the outset of the economic downturn, and like many others it has hit him very hard.  In my experience a bank will rarely try to repossess a family home,  particularly when there are other people living in the premises.  It would be the very last resort for them to do so.  This to me would suggest that they have tried and failed and with increasing levels of charges being registered against the property the fear of a diminishing return on any repossession may have forced their hand

From reading the Irish Times today it seems it's over €800,000.

Between today and yesterday, Irish Times also said:
- He has settled his VAT liability of €429k including interest and penalties
- Penalties for underpaid tax can be 3%, 5%, 10%, 20%, 30%, 40%, 50%, 75% or 100%. He was charged 100% as it was a deliberate default with no co-operation during audit
- He sold land to help fund the tax payment
- He's still left with approx 100 acres.
- KBC have been chasing him for this unpaid debt since 2009

[RedHand88]

I've heard of a few boys who are "farmers".
ie. The tags sit in the kitchen cupboard and they wouldn't know what to do with a beast if they came across one.

[thebigfella]

I don't do speculation. And I havevrepeatefky said I don't know how the vat Bill came about.

He may have been agri contracting perhaps.

The vat Bill didn't get him evicted though so us s total side show

The VAT bill didn't get him evicted which in my opinion makes it even worse!  He owed this on top of the minimum €65k that was charged on his lands owed to other debtors and the mortgage owed to KBC.  banks do not go against family homes unless they have absolutely no choice.  He owes hundreds of thousands on top of the bank debt so the bank had no option I'd say other than to realize its rights over the land to protect its position

How much do the banks owe, when do we get to boot them out of a building and pin them to the ground?

Owe to whom?
The state gave them a blank cheque!

Owe to us, the taxpayer. More outrage about tax affairs of a Roscommon farmer than the fact that these robbing b**tards can throw people on the street for not paying quantities that a minute percentage of what they themselves owe. Its sickening.

[armaghniac]

- Penalties for underpaid tax can be 3%, 5%, 10%, 20%, 30%, 40%, 50%, 75% or 100%. He was charged 100% as it was a deliberate default with no co-operation during audit

Had he played ball on the VAT his penalty might have been 10% instead of 100%, which would have left €200,000 which would likely have sorted KBC.

[Itchy]

https://www.irishtimes.com/business/financial-services/galway-couple-overcharged-by-1-23m-in-tracker-scandal-1.3405365

https://www.irishtimes.com/business/financial-services/163m-paid-to-customers-in-refunds-and-compensation-a-fraction-of-money-owed-1.3266864

https://www.thejournal.ie/central-bank-kbc-fine-3019444-Oct2016/

And after that there is this one

https://www.irishexaminer.com/breakingnews/business/kbc-ireland-cannot-rule-out-mortgage-vulture-sales-854324.html

1st Paragraph...

The boss of KBC Bank Ireland has said he "cannot rule in or rule out" potentially selling off of thousands of loans to vulture funds, even where customers are complying with the terms of their restructured payments.

[TabClear]

https://www.irishtimes.com/business/financial-services/galway-couple-overcharged-by-1-23m-in-tracker-scandal-1.3405365

https://www.irishtimes.com/business/financial-services/163m-paid-to-customers-in-refunds-and-compensation-a-fraction-of-money-owed-1.3266864

https://www.thejournal.ie/central-bank-kbc-fine-3019444-Oct2016/

And after that there is this one

https://www.irishexaminer.com/breakingnews/business/kbc-ireland-cannot-rule-out-mortgage-vulture-sales-854324.html

1st Paragraph...

The boss of KBC Bank Ireland has said he "cannot rule in or rule out" potentially selling off of thousands of loans to vulture funds, even where customers are complying with the terms of their restructured payments.

The bit highlighted in bold is a bit of a red herring surely? If people are complying with the terms of their agreement (and the agreements are set up legally)  its irrelevant who owns the loan. A vulture fund cannot unilaterally change the terms of the contract if there is no provision for them to do so in the original agreement? The difference is that teh vulture funds will tend to be much more aggressive with those who are not meeting payments or will be more likely to seek to exploit loopholes/technicalities than a bank would

[Seamus]

Banks worldwide are packaging loans and selling them off with neons. It does not matter whether the mortgage owner is in arrears or not. The buyers for example Volture Fund have no contract with the mortgage owner therefore legally the loan does not hav to be paid. Go to the meetings to find out other frauds that are taking place. Many of the board members live near by. The Central Banking Systems days are numbered.