More than 8,000 offshore account holders own up

MORE than 8,000 offshore account-holders came clean yesterday and avoided being investigated, named, shamed or prosecuted by the Revenue Commissioners.

By close of business, the final deadline for account- holders to notify Revenue that they would be making a full voluntary disclosure, more than 15,000 people came forward. The latest investigation could net the State €1 billion.

Anyone who contacted Revenue before yesterday’s deadline has until May 28 to calculate and pay in full any tax and interest due and make a full statement.