Heat again turned up on ‘hot money’ investors

Last week, the Revenue Commissioners announced a voluntary disclosure scheme to root out another large batch of tax defaulters.

16th April, 2005

Last week, the Revenue Commissioners announced a voluntary disclosure scheme to root out another large batch of tax defaulters. This time, the Revenue is targeting people who lodged undeclared income into life assurance products.

Those people have until May 23 to make disclosures. If they don't pay up by July 22, they will lose the benefits of the Revenue's incentives. They will not be entitled to mitigated penalties, they will be named and shamed and...

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