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<p>A new management system for high net worth individuals was introduced from 2011-12.
HMRC do not have access to accurate data from management systems prior to that period.</p><p>From
2012-13 to 2015-16, the High Net Worth Unit issued nearly 850 penalties to high net
worth individuals. These totalled £9 million, with an average value of around £10,000
per penalty. Further information can be found in the 2016 National Audit Office Report
on “HMRC’s approach to collecting tax from high net worth individuals” at Part 3,
paragraph 3.9, copied at point 3 in the Background note attached to this draft.</p><p>
</p><p>As of 3rd April 2017, HMRC have brought together their High Net Worth Unit
and Affluent teams to form a single Wealthy team. This organisational change is promoting
tax compliance and tackling non-compliance across the whole of the wealthy customer
group. These changes will ensure we deploy our specialist, highly skilled resource
on those wealthy individuals that present the highest compliance risk.</p><p> </p>
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