Vol. 564 No. 5
58 Mr. R. Bruton asked the Minister for Finance the number of letters which have been sent to holders of bogus off-shore accounts seeking information on the tax status of the moneys lodged in these accounts; the number of settlements that have been made with the Revenue Commissioners; the expected revenue in tax repayments in interest and in penalties that have been made to date; and the expectation of further settlements and receipts. [9651/03]
61 Mr. Sherlock asked the Minister for Finance the number of High Court orders sought to date by the Revenue Commissioners under the Finance Act 1999 to require financial institutions to supply names, addresses and other relevant information regarding holders of bogus accounts; the number of cases where orders have been granted; the general progress made to date in identifying the holders of such accounts who did not avail of the recent voluntary disclosure scheme; and if he will make a statement on the matter. [9740/03]
I propose to take Questions Nos. 58 and 61 together.
I am advised by the Revenue Commissioners that 18 applications for orders under Section 908 Taxes Consolidation Act 1997 have been sought by Revenue and have been granted by the High Court. The applications sought orders in respect of 26 financial institutions. A large volume of information has been and is being supplied to Revenue on foot of the orders.
Following on the receipt of information from the financial institutions inquiry letters were issued, in October and January last. The inquiry letters relate to some 35.000 non-resident accounts that had 70,000 Irish addresses connected with them. Further inquiry letters are to issue shortly.
