The soft-drink maker will file its financials late again, this time because of confusion over a foreign tax matter.

Cott Corp. will file its results late for quarter ended March 29, its second straight such delinquency. The embattled soft-drink maker said it has revisited a foreign tax issue and is investigating the amount of the possible liability, which entails evaluating accounting and disclosure requirements related to the item.

The potential exposure is not expected to exceed $2.5 million, the company said.

Cott had a different excuse for delaying the release of its results for the prior quarter, the end of its 2007 fiscal year.

On that occasion, it said it needed more time to assess its internal controls over financial reporting because of its transfer of executive offices, including corporate accounting and control functions, from Toronto to Tampa. The company said it did not have an appropriate complement of accounting personnel to complete the year-end financial closing.