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
posts

Related articles

Your business, tax and the environment
Your business, tax and the environment

Teaser

Financial Services

Content Type

General

14/01/22

Summary

Can tax be used to incentivise meaningful corporate environmental responsibility? Recent research has shown that of 405 recorded extreme weather events, 70% of them were made worse by human-cau

Teaser

Can tax be used to incentivise meaningful corporate environmental responsibility?

Read full article
Andy Craven

by

Andy Craven

Andy Craven

by

Andy Craven

Our partnership with The Women in Governance, Risk & Compliance Series
Our partnership with The Women in Governance, Risk & Compliance Series

Teaser

Financial Services

Content Type

General

26/10/21

Summary

Supporting women in business has never been more important, especially with the devastating impact the pandemic has had on the workforce over the last two years.The Women in Governan

Teaser

Supporting women in business has never been more important, especially with the devastating impact the pandemic has had on the workforce over the last two years.

Read full article
Ruksana Uddin

by

Ruksana Uddin

Ruksana Uddin

by

Ruksana Uddin

Roles in demand across Specialist Markets
Roles in demand across Specialist Markets

Teaser

Professional Services

Content Type

General

06/10/20

Summary

2020 has been an unexpected year across the world, and it has been crucial to monitor and deal with all the effects of the Covid pandemic in business and in our personal lives. Amidst this crisis we h

Teaser

Amidst this crisis we have also had the uncertainty surrounding Brexit looming over us, which has left many businesses trying to deal with the immediate challenges to society and the economy at large.

Read full article
David Clamp

by

David Clamp

David Clamp

by

David Clamp

jobs

Related jobs

Tax Assistant

Salary:

£25,000 - £28,000 per annum

Location:

Chester, Cheshire

Industry

Energy, Resources and Industrial

Qualification

None specified

Market

Financial Services

Salary

£25,000 - £30,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH180791

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Group Tax Manager (remote)

Salary:

£70,000 - £75,000 per annum + plus car allowance

Location:

Yorkshire and the Humber

Industry

Property and Infrastructure

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Tax

Contract Type:

Permanent

Description

Group Tax Manager with a leading services business based in Yorkshire.

Reference

BBBH180616

Expiry Date

01/01/01

Andy Craven

Author

Andy Craven
Andy Craven

Author

Andy Craven
Find out more
Tax Accountant (VAT)

Salary:

Negotiable

Location:

City of London, London

Industry

Consumer & Retail

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Tax

Contract Type:

Contract

Description

For a VAT Accountant/Analyst seeking a role within a globally listed and reputable organisation in the consumer sector.

Reference

JAR2809

Expiry Date

01/01/01

Julia Aruci

Author

Julia Aruci
Julia Aruci

Author

Julia Aruci
Find out more
SENIOR TAX MANAGER

Salary:

€90,000 - €110,000 per annum

Location:

Amsterdam, North Holland

Industry

Professional Services

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Tax

Contract Type:

Permanent

Description

Voor een fiscaal boutique firm in Amsterdam ben ik op zoek naar een Senior Tax Manager. Het kantoor bestaat uit 15 (ervaren) Fiscalisten en wordt aangestuurd door 3 Partners met een BIG 4 achtergrond

Reference

BBBH178229

Expiry Date

01/01/01

Guido Buwalda

Author

Guido Buwalda
Find out more
SENIOR TAX MANAGER

Salary:

€90,000 - €120,000 per annum

Location:

Amsterdam, North Holland

Industry

Professional Services

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£100,000 - £125,000

Job Discipline

Tax

Contract Type:

Permanent

Description

Momenteel zijn wij voor een internationaal advocatenkantoor in Amsterdam op zoek naar een Senior Manager Tax. Deze rol is de brug tussen Partners en Consultant binnen het team van ruim 35 Fiscalisten

Reference

BBBH178239

Expiry Date

01/01/01

Guido Buwalda

Author

Guido Buwalda
Find out more
Business Advisory Tax Manager / Senior Manager

Salary:

£50,000 - £65,000 per annum

Location:

Leeds, West Yorkshire

Industry

Professional Services

Qualification

Fully qualified

Market

Professional Services

Salary

£60,000 - £70,000

Job Discipline

Tax

Contract Type:

Permanent

Description

Business Advisory Tax Manager or Senior Manager with a top 30 accountancy firm based in Leeds

Reference

BBBH180452

Expiry Date

01/01/01

Andy Craven

Author

Andy Craven
Andy Craven

Author

Andy Craven
Find out more
Tax Manager

Salary:

£42,000 - £44,000 per annum

Location:

Bury, Greater Manchester

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH180466

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Senior Manager - Tax

Salary:

Negotiable

Location:

London

Industry

Consumer & Retail

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Tax

Contract Type:

Permanent

Description

A luxury, reputable and fast-growing multi-channel retail business is currently seeking their next hire to join the London finance team.

Reference

BBBH180393

Expiry Date

01/01/01

Hannah Spears

Author

Hannah Spears
Find out more
Assistant VAT Manager

Salary:

£40,000 - £45,000 per annum

Location:

Leeds, West Yorkshire

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH180402

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
R&D Tax Manager

Salary:

Negotiable

Location:

Manchester, Greater Manchester

Industry

Professional Services

Qualification

None specified

Market

Financial Services

Salary

£60,000 - £70,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH180391

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
View all jobs