Tax evaders given week to ‘come clean’

PEOPLE who stashed six-figure sums in banks and tried to evade tax have less than a week to come clean or face possible prosecution, the Revenue Commissioners have warned.

September 15 is the voluntary disclosure deadline for anyone who deposited more than €100,000 between 2005 and 2007 in a bank or building society but failed to declare some or all of it for tax purposes.

By next Monday, they must give the Revenue “a notice of intention” to make a disclosure. They will then have until January 15 next year to work out the amount of tax due and pay it to the state.