View the article online at http://citywire.co.uk/new-model-adviser/article/a651442
HMRC doubles team to tackle wealthy tax avoiders
by Michelle Abrego on Jan 16, 2013 at 15:58
HM Revenue & Customs (HMRC) is set to double the tax team dedicated to catching wealthy tax avoiders as it widens the scope of affluent taxpayers it monitors.
The affluent compliance team is set to recruit 100 additional inspectors as the unit's workload expands, said HMRC.
The team will monitor individuals with an annual income of more than £150,000 and wealth between £1 million and £20 million.
This will bring more taxpayers under its supervision as it used to cover wealth of £2.5 million to £20 million.
By the end of December 2012 the unit had brought in an extra £75 million in tax and is targeting £586 million by the end of 2015.
Exchequer secretary to the Treasury David Gauke said: 'The vast majority of people pay their way. Dodging tax is immoral, illegal and unaffordable and the minority who cheat are increasingly finding that, thanks to the work of the affluent team, they have made a big mistake.'
HMRC is looking for people with external, recent corporate or commercial experience with the appropriate qualifications for inspector and lead case director roles, it said.
News sponsored by:
Today's top headlines
More about this article:
More from us
- Tax fraud at highest level since crisis as VAT gap hits £3.3bn
- HMRC bolsters crackdown on pension unlocking with new team
- You're nicked! 150 years in jail for 2012's biggest tax cheats
by Himanshu Singh on Mar 08, 2014 at 03:53