You need to enable JavaScript in order to use the AI chatbot tool powered by ChatBot

HMRC has managed to greatly increase its tax take from wealthy UK individuals.

Author: Aaron Dhillon

HM Revenue and Customs has claimed success in a new drive to recover unpaid tax, a new report has revealed.

Written by legal firm Pinsent Masons, it showed the tax authorities managed to recover 60 per cent more revenue from what are described as "mass affluent" people.

The affluent unit at HMRC covers those with incomes of more than £150,000 a year or wealth over £1 million and it managed to raise £137.2 million from this group last year, compared with only £85.7 million in 2013.

Around half a million Britons fall under its remit and the unit has been greatly expanded under the current government, with manpower doubled in 2013 as another 100 tax inspectors were taken on.

Pinsent Mason's head of litigation and compliance James Bullock said: "This surge in extra revenue from Affluent Unit tax investigations serves as a reminder that HMRC is widening its lines of inquiry.

"People who would just consider themselves moderately successful professionals and business people are now also coming under the scrutiny of HMRC's specialist units."

The success in raising more tax has clearly arisen from "a much more aggressive approach to prosecutions targeted at professionals and entrepreneurs", he concluded.

However, critics may contend that yet more can be done and argue for more recruitment of tax experts in order to make further inroads into non-payment and bring in yet more revenue.

Indeed, there may be pressure on politicians to pledge such measures in the run-up to May's general election.

There have certainly been some very high-profile cases of wealthy individuals coming under scrutiny for tax evasion in recent years, such as comedian Jimmy Carr and singer Gary Barlow.

However, much of the focus could also be on the tax bills of multinationals that have used all kinds of ingenious devices to avoid paying corporation tax.

Tech firms are particularly notable for this, a point noted by Bank of England governor Mark Carney.

He told a BBC-hosted event at the World Economic Forum in Davos last week that the tax bills of such firms are "very small relative to the returns".

11/04/16
jobs

Related jobs

R&D Tax Manager

Salary:

£50,000 - £65,000 per annum

Location:

Birmingham, West Midlands

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£60,000 - £70,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH183597

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Advisory Tax Manager

Salary:

£40,000 - £60,000 per annum

Location:

Bradford, West Yorkshire

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£60,000 - £70,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH183598

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Corporate Tax Assistant Manager - Manchester

Salary:

Up to £45,000 per annum

Location:

Manchester, Greater Manchester

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH182004

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Tax Manager

Salary:

£35,000 - £45,000 per annum

Location:

Skipton, North Yorkshire

Industry

Business Services

Qualification

Fully qualified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH183467

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Personal Tax Assistant Manager

Salary:

£45,000 - £55,000 per annum

Location:

Inverness, Highlands

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£50,000 - £60,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH181631

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Part Time - Tax Specialist

Salary:

£35,000 - £55,000 per annum

Location:

Wakefield, West Yorkshire

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£50,000 - £60,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH183233

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Customs and Excise Co-Ordinator

Salary:

£30,000 - £35,000 per annum

Location:

Belfast, County Antrim

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£35,000 - £40,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH183231

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Tax Semi Senior

Salary:

£25,000 - £35,000 per annum

Location:

Stoke-on-Trent, Staffordshire

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£35,000 - £40,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH182849

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Tax Accountant

Salary:

£40,000 - £50,000 per annum

Location:

Manchester, Greater Manchester

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£50,000 - £60,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH183207

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Tax Manager

Salary:

£80,000 - £85,000 per annum + + bonus + benefits

Location:

City of London, London

Industry

Insurance

Qualification

Fully qualified

Market

Financial Services

Salary

£80,000 - £100,000

Job Discipline

Tax

Contract Type:

Permanent

Description

A highly acquisitive group are looking for an ambitious International Tax Manager to take charge of all matters tax as they scale.

Reference

BBBH183181

Expiry Date

01/01/01

Florin Hodinitu Find out more
View all jobs