3 publishers · first seen Thu, 29 Oct 2026 12:54 UTC · updated Thu, 29 Oct 2026 19:14 UTC
HMRC has assigned a dedicated customer compliance manager to each of over 200 billionaires with a UK tax footprint, in a move aimed at closing the £3.6bn wealthy tax gap for 2024/25, which accounts for 6% of the total tax gap. The managers will hold pre-filing discussions to better understand the complex tax affairs of these individuals, who may not be UK residents but are required to submit a UK self-assessment return.
The initiative is part of a broader strategy involving advanced analytics, automated triggers and artificial intelligence to monitor wealthy individuals, defined as those with annual income over £200,000 or assets exceeding £2m in any of the last three years. HMRC says the measures, including hiring 400 new tax specialists, will raise at least £500m towards a goal of £10bn in additional tax revenues by 2030.
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