A company – owned by a religious order – involved in the production of the daily Angelus for RTÉ has made a settlement for over €90,000 with the Revenue Commissioners.

Kairos Communications Ltd, which is owned by the Maynooth-based Society of the Divine Word order, is the largest independent contributor of religious programming to RTÉ.

The firm has produced material for the Angelus for many years and last year secured a new contract to work with RTÉ on the revamp of the Angelus that involves the production of eight new short reflective films that are be used over the coming years.

The firm also produces a Mass for RTÉ radio every Sunday and new accounts for Kairos Communications Ltd confirm that it reached a settlement with the Revenue Commissioners totalling €92,603 last year.

A note attached to the accounts lodged with the Companies Office states that last August, the “directors made an unprompted qualifying disclosure to the Revenue Commissioners in relation to the tax treatment of the education and film production contractors working for Kairos”.

The note states: “This tax settlement came to €92,603.18. We do not see this future tax treatment of the contractors to Kairos as a threat to the going concern of the company.”

Board member and spokesman for Kairos Communications, Fr Finbarr Treacy said yesterday: “The voluntary disclosure 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. The voluntary disclosure was made on a precautionary basis.”

The Kairos accounts show that the end of December 2014, the firm was sitting on a cash pile of €764,639.