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HMRC investigating £1.9bn in potential tax avoidance by super-rich

HMRC investigating £1.9bn in potential tax avoidance by super-rich

The taxman is now targeting Britain’s wealthiest people and have identified potential evasion and avoidance that is estimated to be worth £2billion. However the taxman have pursued only one successful criminal prosecution, a National Audit Office report reveals.

It says the tax affairs of 6,500 super-rich individuals, each worth more than £20m, are being examined by a specialist HM Revenue and Customs unit. The unit is investigating outstanding receipts worth £1.9billion, a majority of which involve aggressive avoidance schemes. <<read more>>

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