HMRC puts 200 billionaires on UK tax crackdown hitlist

HMRC is assigning dedicated customer compliance managers to more than 200 billionaires with a UK tax footprint, in an effort to improve oversight of their complex tax affairs and raise more revenue. The move is part of a wider crackdown on unpaid tax among wealthy people.

The authority says managers will offer discussions before tax returns are filed, while new analytics and AI tools will help identify risks among people with income above £200,000 or assets over £2m. HMRC estimates the wealthy tax gap at £3.6bn in 2024-25, or 6% of the UK’s total tax gap, and says its measures will contribute at least £500m towards a broader £10bn revenue goal by 2030.