I am advised by Revenue that 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 Table 1 for the range of compliance interventions undertaken by LC-HWID for the years requested. The Deputy may wish to note that a compliance intervention may not be initiated and closed in the same year.
Table 1: Compliance interventions Initiated and closed by LC-HWID and yield*
Year
|
Initiated
|
Closed
|
Yield
|
2021
|
319
|
416
|
€58.2m
|
2020
|
286
|
334
|
€55.5m
|
2019
|
356
|
332
|
€65.7m
|
* Yield includes tax, interest, penalties and also the tax value of losses restricted.