Deadline for disclosure of offshore accounts.

Taxpayers in the county have until the close of business today to inform the revenue about offshore bank accounts. Anyone who fails to do so will face the prospect of an investigation or possibly prosecution. The revenue says it has been inundated with disclosures in the run up to the deadline, with 6,500 people around the country contacting tax offices up to the end of last week.To date revenue authorities have collected 184 million euro from people with accounts held in other countries. People in the county who do contact the revenue will have 60 days until May 28th to calculate and pay any tax due together with interest and penalties.

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