HMRC unit nets extra £500m from UK's millionaires

Jenna Towler
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HM Revenue & Customs (HMRC) has brought in £500m in extra tax, after the creation of a crack unit focused on the country's wealthiest people three years ago.

The High Net Worth Unit (HNWU) - which deals with the UK's 5,000 richest taxpayers who have assets of more than £20m - said it had exceeded its collection targets. Unit head Martin Randall said: "The tax affairs of the richest people in the country are, by their nature, complex, and that's why we have focused resources on getting their tax right. "The majority of the wealthiest taxpayers play by the rules, paying the right tax at the right time, but we take action against the minority who don't." Initial projections thought the unit would bring in about £100m a year, but in 2011-20...

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