Credit unions must tell on tax cheats

CREDIT UNIONS and banks are to be forced to blow the whistle on customers they suspect of cheating on their taxes.

Any financial institution which fails to comply with the obligation will face penalties under legislation which is part of a wider drive to regulate financial services.

Banks or credit unions may face penalties if they do not automatically pass on sensitive information to the gardaí or Revenue Commissioners.

You have reached your article limit. Already a subscriber? Sign in

Unlimited access starts here.

Try from only €0.25 a day.

Cancel anytime

More in this section

Lunchtime News

Newsletter

Get a lunch briefing straight to your inbox at noon daily. Also be the first to know with our occasional Breaking News emails.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited