Deposit interest crackdown nets €70m

MORE than e70 million has been collected from tax dodgers as a result of the latest crackdown by the Revenue Commissioners on undeclared money kept in bank accounts.

Another 1,500 people will still have to explain apparent discrepancies in the amount of interest they have earned, Revenue said yesterday.

Many of these individuals are understood to have capital sums greater than e1m in their bank accounts.