Revenue Investigation into Trusts and Offshore Structures

Revenue today announced the commencement of an investigation into Trusts and Offshore Structures. A Press Release is on the Revenue website.

The investigation will commence on 1 September 2009 and will focus on persons who have tax issues in relation to the use of trusts and offshore structures.

Persons with undeclared tax liabilities in respect of these trusts and structures may avail of the benefits of qualifying disclosure by:

? Delivering a Notice of Intention on or before 1 Sept. 2009 and

? Disclosing and Paying the undeclared liabilities on or before 31 Oct. 2009.

Persons who are already under enquiry or who come within certain excluded categories are precluded from making a qualifying disclosure.

Further details are included on the Revenue website.