TaxPersonal TaxHMRC turns residency screw

HMRC turns residency screw

Taxman establishes a new unit to decide whether overseas residency claims of the super-rich are valid

Monaco: a favoured destination of the super rich

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.

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