Revenue to look at Irish accounts held overseas

THE Revenue Commissioners are to widen their investigation of bogus non-resident accounts by looking into all accounts held by Irish nationals in the Channel Islands and Isle of Man.

A spokesman for the Revenue Commissioners confirmed yesterday they were investigating the operation of two Irish banks with overseas branches as part of an overall approach to tracking down bogus accounts designed to circumvent Irish tax laws.

“We are not going about this like a bull in a china shop. Everything is done on foot of a High Court order,” the spokesman said.