Revenue scheme deadline expires

AT LEAST 7,500 people have told the Revenue Commissioners they intend to make a voluntary settlement ahead of a full investigation of undeclared income held in life assurance products.

The Revenue’s deadline to come forward voluntarily expired last night and it will now set about tracking down the individuals who have failed to take advantage of the benefits of an early settlement.

A spokesman for the Revenue said 5,000 individuals had owned up yesterday alone, adding to the 2,500 who had come forward since the probe was launched last month.