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Billionaire likens HMRC to the Stasi after the taxman's 'Wealthy Team' sent letters demanding details of what the rich own

HMRC's Wealthy Team is sending three-page letters to hundreds of super-rich Britons demanding details of properties, trusts and family offices, with possible compliance checks to follow.
HMRC's Wealthy Team is sending three-page letters to hundreds of super-rich Britons demanding details of properties, trusts and family offices, with possible compliance checks to follow.

The three-page letters ask for a face-to-face or online meeting and warn that 'speaking with you first' may help avoid compliance checks. Hundreds have gone out, but the net could widen to some 850,000 Britons earning £200,000-plus or holding £2m in assets. Kelly Greig, a partner at Kingsley Napley, said her clients had received them and called it 'a sea change'.

The 'suggested agenda' includes a grilling on your 'sources of wealth'.

Recipients are asked about any 'complex or novel transactions' in the past 12 months.

The billionaire warned: 'This will only encourage more people to leave.'

Morethetimes.comThe HMRC letter asking rich people to reveal what they own - The TimesLBCHMRC sends letters to hundreds of billionaire Brits asking what they ownDaily Mail NewsTaxman accused of Stasi-like 'intrusion' into wealthy people's lives as HMRC sends out letters demanding extensive details about holdings to anyone earning over £200k
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