Lawyers and accountants targeted in Revenue’s wealth probe

Lawyers and accountants targeted in Revenue’s wealth probe
Revenue Commissioners chairman Niall Cody

Revenue used to focus on around 330 'high net wealth individuals' with assets of over €50 million. But it has set up a new unit to investigate the tax records of people with wealth of over €500,000

The Revenue Commissioners are investigating the tax records of 16,000 people, including partners of accountancy and legal firms, owners of businesses and company directors.

It is part of a new trawl to ensure they are not reducing their tax bills to very low levels through the wholesale use of tax reliefs and tax avoidance schemes.

The Revenue used to focus on around 330 “high net wealth individuals” with assets of over €50 million. But it has...

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