Is the Voluntary Disclosure Initiative announced by Revenue a fair deal.
In effect can anyone with past tax liabilities apply regardless of whether
they held a bank account etc ?
Does their Q & A imply for "anyone" that a better deal is on the table if you resolve those issues with the Revenue Commissioners
Q: What are the requirements for availing of this initiative?
A: While anyone who has tax issues arising from funds invested in financial products liable to be reported should avail at the earliest opportunity to resolve those issues with the Revenue Commissioners, Revenue are specifically targeting persons who at any time during the years 2005, 2006 or 2007 held in aggregate €100,000 or more in accounts or investments the payment on which is reportable under the regulations. Anyone who has held funds in excess of €100,000 in the aggregate and who does not avail of this initiative will be precluded from making a qualifying disclosure in respect of funds held in these accounts after 15 September 2008.
In effect can anyone with past tax liabilities apply regardless of whether
they held a bank account etc ?
Does their Q & A imply for "anyone" that a better deal is on the table if you resolve those issues with the Revenue Commissioners
Q: What are the requirements for availing of this initiative?
A: While anyone who has tax issues arising from funds invested in financial products liable to be reported should avail at the earliest opportunity to resolve those issues with the Revenue Commissioners, Revenue are specifically targeting persons who at any time during the years 2005, 2006 or 2007 held in aggregate €100,000 or more in accounts or investments the payment on which is reportable under the regulations. Anyone who has held funds in excess of €100,000 in the aggregate and who does not avail of this initiative will be precluded from making a qualifying disclosure in respect of funds held in these accounts after 15 September 2008.