The Revenue Commissioners have today announced an extension of the deadline for holders of undeclared offshore assets to provide full details to its investigators.
The extension is only available to those who contacted Revenue before the 29th March last to declare a tax liability related to a previously undisclosed account or investment outside the State.
In a short statement, the Reveneue said the extension "is in response to requests from tax practitioners, accountants and other interested parties who have requested more time to allow them to finalise the liabilities of their clients."
The original deadline for submission was May 28th but has now been extended to Thursday 10th June.
The Revenue says no further extension will be considered and reminds that failure to make full disclosure before the new date can result in increased penalties, publication in the Tax Defaulters' list and prosecution for tax evasion.
