I am advised by Revenue that their structural realignment in 2018 had a particular focus on optimising the alignment of resources and risk in line with Revenue’s Statement of Strategy 2017–2019. In the context of realignment there was an increase in the number of specialist and experienced staff assigned to Revenue’s Large Cases - High-Wealth Individuals Division (LC-HWID) and the Division currently has c.125 staff at various grades based in Athlone, Kilkenny, Waterford and Dublin.
I understand from Revenue that individuals with net assets of over €50m are managed by its LC-HWID. An initial review of this case base has just been completed with a view to lowering the threshold, and this matter will be finalised shortly by Revenue.
The work of the Division includes profiling high-wealth individuals and their related entities and carrying out a programme of risk-based compliance interventions, including audits, as deemed necessary.
I am further advised by Revenue that the increased staff in the Division will initially manage the expanded case base that will arise from a lowering of the threshold used to determine allocation to LC-HWID and the matter of assigning further staff to the Division is and will remain under regular review.
