Dáil Éireann Debate, Tuesday - 18 October 2022
277. Deputy Pearse Doherty asked the Minister for Finance the number of compliance interventions made by the large cases high wealth individuals division; the money recouped as a result of these interventions in each of the years 2019, 2020 and 2021; and if he will make a statement on the matter. [51351/22]
Amharc ar fhreagraI 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.
