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HMRC puts 200 billionaires on UK tax crackdown hitlist
‘Compliance managers’ to have discussions with authority’s wealthiest customers in attempt to raise tax revenuesBusiness live – latest updatesThe UK’s tax authority is assigning dedicated “customer compliance managers” to more than 200 billionaires as part of a crackdown meant to raise £500m for the public purse.HM Revenue and Customs (HMRC) said it had for the first time compiled a list of billionaires who are required to pay tax in the UK, regardless of whether they formally live in the country, to tackle a “wealthy tax gap” caused by those who do not pay what they ought. Continue reading...
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