HM Revenue and Customs High Net Worth Unit has been set up to deal specifically with the tax affairs of the UK's wealthiest individual taxpayers. Some of these individuals will be UK residents with non-domicile status, others will be non-residents who may have UK tax liabilities.
HM Revenue and Customs (HMRC) set up a High Net Worth Unit in April 2009. Currently it has 28 customer relationship teams; each with a manager. They will deal specifically with the tax affairs of the UK's wealthiest individual taxpayers. The unit's aim is to take an overall view of the tax affairs of these wealthy individuals and improve understanding of them. This will enable HMRC to communicate more effectively with them, influence their behaviours and provide a more robust evidence base for policy decisions and assessment of their liabilities. At this stage it is too early to accurately forecast the impact on tax receipts of the establishment of the unit.
HM Revenue and Customs High Net Worth Unit will deal with the UK's wealthiest individual taxpayers. The measure of wealth includes assets such as business interests, shareholdings and other investments and properties.