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Do Britain’s wealthiest people get preferential treatment from HMRC?

Commons public accounts committee says failure to crack down on wealthy tax dodgers undermines confidence in system.

Britain’s wealthiest people appear to get preferential treatment from HM Revenue & Customs and are not being properly pursued for outstanding tax bills, parliament’s spending watchdog has concluded.

HMRC’s failure to clamp down on rich tax dodgers is undermining confidence in the whole system, the public accounts committee said.

The highly critical report released on Friday examined HMRC’s specialist unit, which collects tax from high net-worth individuals with more than £20m. It found that “the amount of tax paid by this very wealthy group of individuals has actually fallen by £1bn since the unit was set up” in 2009 – even as tax receipts rose by £23bn.

 

Read more via The Guardian