HNWI targeted by HMRC

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 HMRC reaps £38m from HNWI investigations

HMRC is targeting investment banks and fund managers, with investigations into high earners in these roles up by a quarter in the past year, according to Harris & Co chartered accountants Northampton

HMRC’s High Net Worth Unit (HNWI) has opened an average of five new investigations per month in the past year, up from four per month in the first six months after it started operations in September 2012. The total extra tax yield so far is £38.85m.

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