HMRC chasing £1.9bn unpaid tax from richest people

Figure revealed in NAO report

Carmen Reichman
clock • 1 min read

HMRC is chasing £1.9bn of unpaid taxes from the UK's richest people, according to a report by the National Audit Office (NAO).

The tax office's specialist unit recovered £416m in 2015 from 6,500 "high net worth individuals" with wealth of more than £20m, NAO said. But work is ongoing to recover about £1.9bn, which is still missing and potentially owed by a group of about 6,500 individuals. To help with its investigation HMRC has assigned each person their own HMRC official, the BBC reported. This official is responsible for "building an understanding of each taxpayer's affairs and behaviours" and to liaise with their tax agent on the amount they owe. This was because the people in question often have co...

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