Revenue warns of looming deadline for offshore assets

Thousands in ‘last chance saloon’ to declare their overseas interests, says taxman

Barry J Whyte

Chief Feature Writer @whytebarry
30th April, 2017
Revenue sent out 500,000 letters on offshore assets to self-assessed taxpayers Picture: iStock

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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