Tax dodgers get six weeks to come clean in crackdown

THOUSANDS of tax dodgers who invested undeclared income in life assurance policies over the past 25 years have been given six weeks to come clean to the Revenue Commissioners or face being named and shamed.

The latest crackdown will target all those who have taken out single-premium policies by investing lump sums in insurance funds.

According to figures from the insurance industry, €33 billion has been invested in single premium products since 1980. The latest probe is expected to net Revenue as much as e1bn.