HMRC hires 100 more inspectors to monitor wealthy

Author: Jenna Towler
IFAonline | 16 Jan 2013 | 14:59

Categories: Tax Planning

Topics: HMRC


HM Revenue & Customs (HMRC) is to hire an additional 100 inspectors dedicated to making sure wealthy people pay enough tax.

The Affluent Compliance Team currently has 200 staff but is recruiting as its work expands.

HMRC said in addition to taxpayers with an annual income of more than £150,000 and wealth of between £2.5m and £20m, the unit will also cover those with wealth in the range £1m to £2.5m.

By the end of December the unit had brought in an extra £75m in tax - well ahead of expectations - with a target of £586m by the end of 2015.

Exchequer secretary David Gauke said: "HMRC set up the new affluent teams from some of the £917m we made available in 2010. The team has made a great start by bringing in £75m in additional tax that would otherwise have been lost to the country.

"The vast majority of people pay their way. Dodging tax is immoral, illegal and unaffordable and the minority who cheat are increasingly finding that, thanks to the work of the Affluent Team, they have made a big mistake."

Affluent Compliance Team director Roger Atkinson said: "In September 2012 the government announced an additional investment of £5m, enabling us to recruit an extra 100 inspectors. We will recruit from within HMRC and externally and the new team will be fully operational by April and focused on delivering an additional £75m a year.

"Good quality intelligence is central to catching the cheats and so we are expanding our affluent intelligence unit fourfold. This is very good news for all honest taxpayers."

More tax planning news

Related briefings

Recommended reading



  • Comments
  • Print
  • RSS
  • Share
blog comments powered by Disqus

Related articles

Most Read

Audio / Visual

Coffee Lounge

Who picked up the gongs this year?

Protected Product Review Awards 2013

Who picked up the gongs this year?

Advisers and providers gathered at the Grand Connaught Rooms in London on 20 November to celebrate the ingenuity and the graft displayed in the protected product arena throughout the last 12 months. These awards are growing in popularity every year, and our congratulations go to the winners and highly commended.


event logo

Retirement Planner Forum & Awards 2014

06 Jun 2014 - 06 Jun 2014

London, UK

event logo

International Fund & Product Awards 2014

16 Jun 2014 - 16 Jun 2014

London, UK

event logo

COVER Breakfast Briefings

26 Jun 2014 - 26 Jun 2014

London, UK


Sponsored video


Do you believe the insurance industry can deliver the Chancellor's "retirement advice for all" pledge?