Revenue’s High Wealth & Financial Services Division (HW&FSD) is responsible for the management and development of service, compliance and audit functions relating to high wealth individuals in the State and to challenge tax avoidance transactions using the General Anti-Avoidance Rule and other measures. The HW&FSD is also responsible for service delivery and tax compliance in respect of pension schemes.
Since 2024, the Division was expanded to include the Financial Services Branches which previously operated within the Large Corporates Division.
Quote from Branch Chair, Kieran Twomey
“Welcome to the High Wealth & Financial Services Division Branch. I am Kieran Twomey of PwC Private.
To be able to competently advise high net worth individuals and clients in the financial services sector, it is imperative that a tax practitioner is up-to-date on what sectors and aspects of tax compliance Revenue are focussing on. Good relationships with Revenue officials are also crucial.
The Branch provides both aspects to members.”