The Revenue Commissioners have announced that they have collected £176m as a result of the voluntary disclosure on non-resident accounts, the deadline for which passed on November 15.
The head of the Revenue Commissioner, Dermot Quigley, said they regarded this as an excellent outcome. He said the amount of voluntary declaration picked up considerably in the final few weeks.
Revenue said the £176m came from 3,500 declarations in respect of 6,500 accounts. Mr Quigley said 11 people had paid over £1m each in penalties. 60 people had paid over £500,000 each.
Mr Quigley said that along with a look-back audit of financial institutions which brought in £173m, the total yielded by the Revenue DIRT investigations came to £349m.
He said that cases of non-compliance were now being identified for 'fast-track investigation' and some had been earmarked for criminal prosecutions.
The Commissioners will, in the next few days, apply to the High Court for an order to require financial institutions to give them information in relation to other accounts.
The Revenue Commissioners say this scheme has revealed a substantial number of the bigger accounts.
* The Chairman of the Revenue Commissioners also announced today that so far £25m in taxes, interest and penalties, has been collected from investors in National Irish Bank's controversial CMI offshore investment scheme uncovered almost three years ago by RTE.
