I 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.