The UK’s tax authority will publish in Spring 2026 a new plan on how to improve compliance among wealthy taxpayers.
The plan will set timelines and targets for improving compliance among those earning over £200,000 ($270,140) a year or with assets of over £2 million, His Majesty’s Revenue and Customs said in a Treasury Minutes response to Parliament published Monday.
Parliament’s Public Accounts Committee in July concluded HMRC lacks sufficient data on how much tax billionaires pay on their wealth, and added the office needs to do more to understand and tackle fraud among the ultra-wealthy.
“HMRC will ...
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