Revenue warns of looming deadline for offshore assets
Thousands in ‘last chance saloon’ to declare their overseas interests, says taxman
Thousands of Irish people are in the “last chance saloon” over their offshore assets, according to Revenue commissioner Gerry Harrahill.
The surge in people reporting could produce a tax yield of around €30 million - and possibly much more, Harahill said.
Revenue has contacted half a million Irish taxpayers to encourage them to declare any foreign assets - whether bank accounts, property, or pensions - and to make a voluntary declaration on any...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures