Written answers
Tuesday, 1 October 2024
Department of Finance
Revenue Commissioners
Paul Donnelly (Dublin West, Sinn Fein)
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113. To ask the Minister for Finance the number of compliance interventions made by the large-case high-wealth individuals division of the Revenue Commissioners; and the money recouped as a result of these interventions in 2023 and for first eight months of 2024, in tabular form. [38601/24]
Jack Chambers (Dublin West, Fianna Fail)
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I am advised by Revenue that its Large Cases – High Wealth Individuals Division (LC-HWID) was expanded under internal realignment earlier this year. The division now includes three Financial Services branches and has been renamed High Wealth and Financial Services Division. The statistics in the table refer to the original LC-HWID.
LC-HWID had responsibility for the following business areas:
- Management of the tax affairs of High Wealth Individuals;
- Approval and administration of certain pension schemes; and
- Identification of and challenge to tax avoidance transactions.
Table: Compliance interventions Initiated and closed by LC-HWID and yield*
Year | Initiated | Closed | Yield |
---|---|---|---|
2023 | 498 | 390 | €57,647,079 |
2024 – end June | 387 | 214 | €33,142,342 |
* Yield includes tax, interest, penalties and also the tax value of losses restricted.
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