Financial secretary to the Treasury David Gauke MP has revealed that HMRC’s High Net Worth Unit – a specialist division which deals with the tax affairs of the UK’s wealthiest individuals – has brought in £1bn in compliance yield since it was set up in 2009. The unit deals with the tax affairs of the UK’s 6,200 wealthiest individuals – those with a net worth of £20m or more.
David Gauke said: ‘HMRC vigorously polices the rules ensuring it collects the tax that is due, and takes tough action against the minority who seek to avoid their responsibilities. This approach is clearly working as HMRC’s High Net Worth Unit has delivered £1bn in compliance yield. This is against targets totalling £894m and is further evidence that the government’s investment of nearly £1 billion in HMRC to tackle avoidance, evasion and fraud is paying off.’
Financial secretary to the Treasury David Gauke MP has revealed that HMRC’s High Net Worth Unit – a specialist division which deals with the tax affairs of the UK’s wealthiest individuals – has brought in £1bn in compliance yield since it was set up in 2009. The unit deals with the tax affairs of the UK’s 6,200 wealthiest individuals – those with a net worth of £20m or more.
David Gauke said: ‘HMRC vigorously polices the rules ensuring it collects the tax that is due, and takes tough action against the minority who seek to avoid their responsibilities. This approach is clearly working as HMRC’s High Net Worth Unit has delivered £1bn in compliance yield. This is against targets totalling £894m and is further evidence that the government’s investment of nearly £1 billion in HMRC to tackle avoidance, evasion and fraud is paying off.’
