This news story has created income for the Revenue Commissioners. I know this for a fact because I paid my car tax and arrears after reading it. Not that I can afford to but I just had to get it sorted so my motor doesn’t get taken.
So in a nutshell – John Reynolds loss is the Revenue Commissioners gain. Sounds like they didn’t forgive him for their losses when he went into liquidation so had to get at him some way.
The Irish Independent run the story:
No vroom for manoeuvre as club owner’s Porsche seized
Jason O’Brien – Irish Independent
NIGHTCLUB owner and impresario John Reynolds had another run-in with the taxman yesterday morning, and it cost him the use of his Porsche.
Mr Reynolds (41), who was recently appointed to the new Broadcasting Authority of Ireland’s compliance committee, had his luxury 911 sports car impounded after a garda discovered his tax disc was out of date.
Mr Reynolds’ Pod Concerts management group — which had organised the Electric Picnic Festival until last year — went into liquidation in July after the Revenue Commissioner rejected the company’s offer to pay €800,000 worth of debts in instalments over a period of 16 months.
And he received a second unsympathetic hearing when stopped by a motorcycle garda on Dublin’s Wexford Street shortly before 10am yesterday.
“He was pulled in by the garda and there was a discussion and eventually John Reynolds left the car and started walking, and it seems that the garda called a tow truck to have it impounded,” said one eyewitness who didn’t want to be named.
Powerful
“It took a while for the truck to take it away, and during that time the same garda stopped and impounded at least one other van.
“The tax disc was out on that van too. The tax disc on the Porsche said that it was up in July of this year.”
The annual tax bill for the powerful two-door car is €1,491.
Efforts to contact Mr Reynolds were unsuccessful yesterday but it is understood that he was back in possession of the 06-D registered Porsche by late yesterday afternoon. A friend of the POD nightclub owner said the overdue car tax was an “oversight”. He said that the car had been off the road for a number of months following a crash during the summer.
“It has been sorted now, it is out of the pound and he is back driving it,” he added.
Mr Reynolds, a nephew of former Taoiseach Albert, has been in the headlines in recent days after he was appointed to the Broadcasting Authority’s compliance committee by Communications Minister Eamon Ryan. The committee will consider complaints and also require all broadcasters, public or private, to comply with licence conditions, broadcasting codes and rules.
Licence
Mr Reynolds was part of a consortium that took a lawsuit against the Independent Radio and Television Commission (IRTC) after it decided to grant a youth licence to Spin FM rather than the Storm FM consortium.
The High Court found there was no basis for rescinding the IRTC’s decision, and that decision was later upheld by the Supreme Court.
Earlier this year, Mr Reynolds saw his company responsible for launching boutique music festival Electric Picnic go into voluntary liquidation.
Pod Concerts had run the event since its creation in 2004, but the festival was taken over by a separate company late last year. The company owed €800,000 to the Revenue
Pod Concerts claimed that it was owed over €600,000 by an entertainment company and that Mr Reynolds was owed over €1m.
However, the Revenue did not accept a 16-month instalment plan. Mr Reynolds controls 39pc of the new company that runs Electric Picnic.

