Tuesday 2 October 2012

The Joy of Affluence

Much has been made by some, eg Danny "Beaker" Alexander, about the expansion of HMRC's "Affluent Unit" (the team set up in October 2011 that targets tax evasion by "wealthy" people - those worth more than £1M).

Beaker said the other week that an extra 100 inspectors and specialists will be recruited to scrutinise the tax affairs of the 500,000 wealthiest people in the country.

That's all very nice and dandy, maybe.

However, please could someone explain to me why HMRC also has another unit that also focuses on "wealthy" people?

HMRC's "High Net Worth Unit" focuses on people with assets of more than £20M.

Why does HMRC need two units?

Does this mean that the Affluent Unit doesn't look at tax evasion by those worth more than £20M?

Why are they not merged into one; thus saving time, money, resources and confusion?

Comments and views welcome, as always.

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Taxwise.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is TAXWISE?

TAXWISE is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Taxwise

Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"


  1. "Why are they not merged into one; thus saving time, money, resources and confusion?"

    Because that would be logical...

    .... and HMRC don't do logical!!!

  2. Because that wouldn't be a headline.... simple. The Government love to screw with departments to make a headline.

  3. They obviously have different ways of working, duh!