The UK has been accused of having an “increasingly hostile tax code” towards high net worth individuals by law firm Pinsent Masons, which said the number of UK registered non-domiciles had fallen by a further 2,000 over the past year.
HM Revenue & Customs has made 640 requests for information on individual’s tax affairs to overseas governments in the 2011 2012 tax year so far, according to research from international law firm Pinsent Masons.
The tax-take from investigations into high income foreign workers has increased by 23% over the past two years, according to figures obtained by international law firm Pinsent Masons, indicating a heightened focus by HM Revenue & Customs on the financial affairs of those working in the City.
