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Til the pips squeak
KEY POINTS
- The high net worth unit was created in 2009.
- The unit allocates a customer service manager to each taxpayer.
- Should taxpayers have to disclose details of all their assets?
- Tax treatment of image rights should be reviewed.
- HMRC must disclose more information about how they handle high net worth individuals.
HMRC has laid itself open to the accusation that there is one law for the rich and another for the poor according the House of Commons’ Public Accounts Committee (PAC). It needs to be more transparent about the work it does to show that high net worth individuals pay all the tax they owe.
In a report Collecting Tax from High Net Worth Individuals MPs examined HMRC’s approach to the wealthiest taxpayers and concluded that it should...
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