Corporate report
How HMRC collects the right tax from wealthy individuals
Information about how HMRC deals with wealthy individuals to help them comply with their tax obligations, and to challenge those who don’t play by the rules.
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It’s our job to make sure that both businesses and individuals pay the right amount of tax. To do this we understand and respond to risks in the tax system by making sure that our compliance work covers the full range of taxes and duties that we manage.
We define individuals as ‘wealthy’ if they have incomes of £200,000 or more, or assets equal to or above £2 million in any of the last 3 years. There are approximately 800,000 wealthy customers.
Published 8 September 2022
Last updated 7 December 2022 + show all updates
Last updated 7 December 2022 + show all updates
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New section added to the page giving more information on the High-Risk Wealth Programme.
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First published.