HMRC puts 200 billionaires on UK tax crackdown hitlist

‘Compliance managers’ to have discussions with authority’s wealthiest customers in aim to raise tax revenues Business live – latest updates The 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...