For his double TT success in Superbike and Superstock, his second place in the Senior TT and two podiums at the North West 200, Australian Cameron Donald added to the team's haul of silverware on the night, taking the International Road Racer of the Year award.
Ian Lowry also capped a successful 2008 British Supersport campaign, finishing runner-up in the Short Circuit Rider of the Year category to World Superbike star Jonathan Rea.
The gala black tie ball - attended by 550 guests - is Ireland's leading awards ceremony for the stars of two-wheeled motorsport.
Philip Neill - Team Principal:
"It is very pleasing indeed to be voted Ireland's top motorcycle racing team and also to receive this prestigious award for the fifth time at Ireland's leading motorcycle awards ceremony. I have said it before, but my Father and I really could not compete at the top level of racing without the efforts of our dedicated workforce, and of course the quality riders who we are privileged to work with; this award really is testament to their efforts.
"We are also indebted to our wide variety of partners, many of whom have supported TAS Racing from the very beginning. These include Suzuki GB, Relentless Energy Drink, Beacon Security, Pirelli tyres and GMC Graphics. Finally, I would like to thank our current sponsors and the panel of expert judges who once again voted for our team on the night."
Pictured: Philip & Hector Neill (centre) collecting their team award from former TT legend Phillip McCallen and BBC Sport NI presenter Jackie Fullerton.