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TAX EVASION

The Revenue has warned Irish residents with Swiss bank accounts that they will be scrutinised for possible tax evasion.

The comments made by Josephine Feehily, the Revenue chairman, follow reports of a deal between the UK and Switzerland that is expected to reap billions of pounds for the British exchequer. Thousands of wealthy British residents will be allowed to retain their anonymity under the deal but will be subject to a levy of up to 35% on money deposited in recent years and tax on future interest earned.

The Revenue believes there are 3,600 Irish residents with bank accounts in Switzerland and Liechtenstein.

Contact Noone Casey if you require independent impartial advice in this regard.

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