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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.

Updates to this page

From:
HM Revenue & Customs
Published:
8 September 2022
Last updated:
7 December 2022
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  1. New section added to the page giving more information on the High-Risk Wealth Programme.

  2. First published.

Documents

Overview of how HMRC collects the right tax from wealthy individuals

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Information about the High-Risk Wealth Programme

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Details

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 850,000 wealthy customers.

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