Dáil Éireann Debate, Tuesday - 13 June 2023
390. Deputy Alan Kelly asked the Minister for Finance the number of compliance interventions made by the large cases high-wealth individuals division of Revenue Commissioners; and the money recouped as a result of these interventions in 2022. [28441/23]
View answerI am advised by Revenue that its Large Cases - High Wealth Individuals Division (LC-HWID) has 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.
The details requested by the Deputy are set out in the following Table for the range of compliance interventions undertaken by LC-HWID for 2022. The Deputy may wish to note that a compliance intervention may not be initiated and closed in the same year.
Table: Compliance interventions Initiated and closed by LC-HWID and yield*
|
Year |
Initiated |
Closed |
Yield |
|
2022 |
264 |
459 |
€37.6m |
* Yield includes tax, interest, penalties and also the tax value of losses restricted.
