Oireachtas Joint and Select Committees
Thursday, 25 January 2024
Public Accounts Committee
Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses
9:30 am
Mr. Niall Cody:
We have a dedicated division that deals with the category of high-wealth individuals. As with any other part of our case base, the division reviews using all the data and information we have. I believe I said before at a meeting of this committee that, by and large, the level of compliance with the law among high-wealth individuals is very high. By their nature, they are well advised and need to have tax agents working with them. They are very careful, by and large, in meeting their obligations and in structuring. In 2022, we carried out 271 interventions of various types – I talked about levels 1 and 2 – and these would have resulted in an additional yield of €15 million.