Credit Unions Interest Reporting
The Revenue commissioners have extended their voluntary disclosure initiative for undisclosed income or funds held in banks and building societies to credit unions. Taxpayers who had €100,000 or more in aggregate in credit union accounts (which included funds not previously declared for tax) at any time between 1st January 2005 and 31st December 2008 have until 31st March 2010 to make a voluntary disclosure. This announcement was recently made by […]