Seanad debates
Tuesday, 14 December 2021
Finance Bill 2021: Committee and Remaining Stages
10:30 am
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
As part of its national structure, Revenue has adopted a large cases-high wealth individuals division. That division is responsible for all taxation matters relating to high wealth individuals, who are currently defined as people with net wealth of €20 million or more. Revenue has also established a medium enterprises division and tax affairs of the next tier of high wealth individuals with wealth below the €20 million threshold are managed in this division. Responsibility for these cases in both divisions includes ongoing risk evaluation and, where necessary, targeted programmes.
I do not have any information available for now regarding the performance of those divisions within the Revenue Commissioners, but I will see if I can get some information for the Senator regarding their operations and the difference it has made in tax collection from that group of taxpayers. If it is made available with me during this debate, I will share it with the Senator in a moment.
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