Mr. Niall Cody:

The medium enterprise division is similar but it covers both corporates and individuals. It deals with businesses with a turnover in excess of €3 million, businesses between €1 million and €3 million with over 100 employees or businesses, primarily in the construction industry, with relevant contracts tax where the contract values are in excess of €3 million. Partners of accountancy and legal partnerships whose turnover is greater than €3 million are also in this category, as are proprietary directors associated with any of the above businesses, which brings in a lot of individuals. The medium enterprise HWI unit brings in 622 individuals in addition to the proprietary directors of all those companies who have a total income in excess of €500,000 and an effective tax rate of less than 30%. It also brings in people whose total consideration from capital taxes exceeds €700,000 or where total capital losses exceeds €500,000, and those who have multiple property transactions over a three-year period exceeding €3 million.