You may receive a letter from Revenue headed with Reviewing and Correcting your Tax Returns,which we have enclosed below. Revenue are in the process of writing to all tax payers who have filed a 2015 tax return to bring a change in the code of practice to their attention.
From 1 May 2017, they will restrict the benefits of a Qualifying Disclosure in relation to any “off shore” assets. Full details of this change are available on the Revenue Website. Just because you received this letter does not necessarily mean the Revenue think you have any “off shore” assets or other issues.
If you have previously undeclared assets abroad or if you have any queries about this letter, please contact us immediately.