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General · 5 hours ago

HMRC assigns personal tax managers to all UK-linked billionaires

HMRC assigns personal tax managers to all UK-linked billionaires

Photo by Nataliya Vaitkevich on Pexels

HMRC, the UK's tax authority, has for the first time listed over 200 billionaires who owe UK tax, regardless of their official residency. Each billionaire now receives a dedicated manager offering voluntary talks before they file, as their affairs often span several taxes, firms, and countries. The tax shortfall attributed to the wealthy in 2024-25 reached an estimated £3.6bn.

Reported by Guardian · How we write briefs

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