High earners in the UK are facing heightened tax investigations as HM Revenue & Customs (HMRC) intensifies its focus on wealthier individuals due to record compliance revenues. In 2024, HMRC raised over £1.5 billion from compliance investigations, significantly up from the previous year. To meet ambitious tax collection targets set by the Chancellor, HMRC plans to recruit 400 additional compliance officers, expected to generate an extra £500 million by 2030. Utilizing advanced technology and data analytics, HMRC aims to uncover tax avoidance methods among high-net-worth individuals, enhancing its investigative capabilities.
High earners in the UK are experiencing increased tax investigations as HMRC seeks to bolster compliance, following a notable rise in revenue from such inquiries.
To achieve hard targets for additional tax collection, HMRC is focusing on scrutinizing wealthy individuals, with plans to hire 400 compliance officers to increase efficiency.
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