UK Tax Authority Targets 200 Billionaires in Tax Crackdown

• HMRC has compiled a list of over 200 billionaires for a tax compliance initiative.
• Dedicated 'customer compliance managers' will engage with these billionaires.
• The initiative aims to raise £500m for the public purse.
• Billionaires and their representatives are invited for 'voluntary initial or pre-filing discussions'.
• This is the first time HMRC has taken such a targeted approach with its wealthiest taxpayers.