Special investigations

Just under €700 million of the total €1.6 billion collected so far by the Revenue during its special investigations into offshore assets, Ansbacher deposits, bogus non-resident accounts and the CMI/NIB scheme was collected in 2004.

The offshore assets investigation began as an inquiry into offshore accounts and trusts in Jersey and the Isle of Man in 2003. The Revenue gave account holders until the end of March 2004 to disclose any tax liabilities ...