High Wealth & Financial Services Division (HW&FSD)
“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 staff are also crucial.
The branch provides both these aspects to members.”
High Wealth & Financial Services Division (HW&FSD) Branch
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 Division 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 Large Corporates Division (LCD).
Latest Developments
A meeting between Institute Branch Representatives and HW&FSD was held in May 2025. The meeting focused on important issues for members.