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Sat 06 Jun 2007Developer's company settles €3.5m tax bill with RevenueA company owned by a high-profile developer has made a tax settlement of close to €3.5 million with the Revenue Commissioners for underpaying VAT. Barry O'Halloranreports.Figures released yesterday show that Heritage Properties, one of a group of companies controlled by developer Terry Devey, paid the Revenue Commissioners €3.48 million in tax, interest and penalties for underdeclaring its VAT liabilities.