Revenue claws back €13.6m from offshore income

The Revenue Commissioners clawed back €13.6m from taxpayers who made voluntary disclosures of offshore sources of income since October.

That is according to the Finance Minister Michael Noonan, who confirmed that, to April 26, there were 532 disclosures from taxpayers relating to offshore sums leading to payments to Revenue. He said 12 of those disclosures, which gave rise to payments of €231,543, were received between October 11 and the enactment of the Finance Act 2016 in late December.

After an extension, the deadline for taxpayers to make voluntary disclosures passed yesterday. A spokeswoman for Revenue said its helpline had been very busy this week.