Galway Plant Firm’s Tax Nightmare | Galway News

A Galway-based company, LPS International Plant Ltd, just settled a staggering €106 million tax bill for under-declaring VAT — but its bank account now shows just €17,479. Despite assets valued at less than €2 million, it owes over €45 million to unsecured creditors. The winding-up process is delayed as officials finalize a report with the Corporate Enforcement Authority. Meanwhile, another linked firm, MPL Plant Hire Ltd, also in liquidation, paid €4 million to Revenue and faces similar financial ruin. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7add796a9748ba32