Posted on January 23, 2013

So you are down to your last Rolls Royce and can only afford two foreign holidays this year, would you class yourself as affluent?

Well HMRC might, HMRC have a team which looks into the affairs of affluent people and it has widened its definition of people coming into its remit. I will now classify you as affluent if you have an income of over £150,000 per annum and wealth of £1m to £2.5m. A huge sum of money to the ordinary man in the street, but

HMRC aims to have a team of over 200 tax inspectors to target tax evasion in wealthy individuals. This team aims to brings in over £500m per annum by 2015.