Lib Dem Conference 2011: Over 2,000 tax inspectors will target wealthy

clock

More than 2,000 extra tax inspectors will be recruited to crack down on tax evasion among the UK's most wealthy, chief secretary to the Treasury Danny Alexander has said.

He told the Liberal Democrat conference this would ensure 350,000 top earners paid their "fair share" of tax, the BBC reports. Alexander said a crackdown on tax evasion and avoidance announced a year ago was working, with £2bn set to be raised this year with a target of £7bn by 2015. There already exists a special unit within the Inland Revenue to focus on the tax arrangements of the wealthiest 5,000 people in the UK. But the new staff will be employed to scrutinise the accounts of an additional 350,000 people who each have a total wealth of more than £2.5m. Alexander said: "It ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

Advisers see higher client demand as tax changes and rumours cause confusion

Advisers see higher client demand as tax changes and rumours cause confusion

See opportunity to provide ‘much-needed’ clarity

Isabel Baxter
clock 23 April 2025 • 2 min read
HMRC to raise £110m per year by cutting IHT relief on AIM shares

HMRC to raise £110m per year by cutting IHT relief on AIM shares

Will make gifting a more attractive option to investors

Isabel Baxter
clock 22 April 2025 • 2 min read
Advisers worry about pension and IHT changes as clients feel impact

Advisers worry about pension and IHT changes as clients feel impact

Advice landscape has ‘fundamentally shifted’

Isabel Baxter
clock 20 March 2025 • 2 min read