“HMRC Assigns Compliance Managers to 200 Billionaires in £500m Tax Crackdown” — what this page in the network covers. HM Revenue and Customs (HMRC) has assigned dedicated compliance managers to more than 200 billionaires as part of a new initiative to recover an estimated £500 million in unpaid taxes. The tax authority has, for the first time, compiled a list of billionaires who are liable for UK tax, regardless of The tax authority has, for the first time, compiled a list of billionaires who are liable for UK tax, regardless of their formal residency status, in an effort to close the 'wealthy tax gap'.
The move targets ultra-high-net-worth individuals who may be underpaying their tax obligations. HMRC's new approach involves direct, personalised engagement with these billionaires through customer compliance managers, aiming to ensure they pay the correct amount. The full version stays on the original page, which this listing opens directly.