Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

This question does not relate directly to what were traditionally known as the tax exiles. The Revenue Commissioners have informed me that a very large proportion of the disclosures were received in the days immediately prior to the deadline of 4 May. All of the postal and electronic correspondence received is now being examined. Further details about the disclosures and their value will be available as soon as that work has been completed. As the Deputy knows, it arises from section 56 of the 2016 Act. It has removed the possibility of making a qualifying voluntary disclosure of tax liabilities where any matter contained in the disclosure relates directly or indirectly to offshore matters. After 4 May last, anybody who is now found to have an offshore source of income along the lines described in my reply will not have the benefit of the arrangements put in place for disclosure prior to 4 May.

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