30 Nov 2009
Rich people who have left Britain shores to set up in tax havens will find themselves under greater scrutiny from HMRevenue &Customs.
They could be liable to pay tax into the UK's coffers just for keeping a car or a golf club membership in the UK, the Sunday Times reported.
HMRC's new high-net worth unit, which monitors the tax contributions of the country's wealthiest 5,000 people, will examine their non-residency claims.
Ringo Starr, Formula One drivers Jenson Button and Lewis Hamilton, and Sir Roger Moore, are all tax exiles.
You may also like
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
Visitor comments Add your comment
perhaps
Perhaps they left because England is finished and not just for tax reasons.
Who would not leave if they could? The tax reasons are just an incentive provided by the government to get rid of the rich.
Posted by: Spike, 30 Nov 2009 | 00:00