Last day for bogus offshore account holders to come clean with Revenue

TODAY is the final deadline for holders of bogus offshore investments to come forward and make a voluntary settlement with the Revenue Commissioners.

The Revenue had given offshore account holders an additional two weeks to come forward after pleas from tax and legal advisers, but anyone who comes forward after today will face the full powers of the Revenue which includes massive fines and the possibility of prosecution.

It is not known exactly how much the Revenue has netted in this latest trawl of bogus accounts, but it is expected to involve hundreds of millions of euro, while tens of thousands of people have come forward.