Pensioners receiving overseas income could face Revenue fines
Thousands not declaring taxable income must have affairs in order by May
Revenue is working through data received under new international exchange-of-information initiatives
Thousands of pensioners in receipt of overseas retirement income could find themselves facing fines and even prosecution if their tax affairs are not in order by May.
Almost 135,000 Irish residents were in receipt of British state pensions as of last August, up from 133,300 two years earlier, according to data from the UK Department of Work and Pensions.