Our site uses cookies

I agree Our site saves small pieces of text information, called “cookies” on your device. Find out more in our cookie policy. You can disable the usage of cookies by changing the settings of your browser. By continuing to browse the site you are agreeing to our use of cookies.

No let up for HNWs from the taxman

The report, entitled ‘HMRC’s approach to collecting tax from High Net Worth individuals’, examines HMRC's strategy for collecting tax from those with a net worth of at least £20 million.

At the start of 2015/16, HMRC’s specialist HNW unit (first established in 2009) considered there to be around 6,500 HNWs, making up roughly 0.02 per cent of all taxpayers. To read more on why the National Audit Office’s recent re-evaluation of HNWs will see HMRC taking ever greater interest in their affairs, head to Spear's Wealth Management Magazine.

Related Expertise

Private Wealth Regulation and compliance

Related in brief posts

The Court of Protection and the vaccine: to administer or not to administer

The Court of Protection and the vaccine: to administer or not to administer - Nicola Boulter considers two recent Court of Protection decisions.

No-one expects a 1975 Act claim......

Two decisions under the Inheritance (Provision for Family and Dependants) Act (enabling a spouse/civil partner and others, to bring a claim if a Will fails to make reasonable financial provision for that person) have produced very different results.

MEET | THE | EXPERTS: A Taxing Time or Time for Tax

March sees the launch of the Treasury Committee’s report ‘Tax after coronavirus’, Budget Day and a later release of tax related consultations and calls for evidence. Join our experts at 11am on 24 March to see how these developments may affect you.