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* HM Revenue & Customs Corporate report INFORMATION ABOUT THE HIGH-RISK WEALTH PROGRAMME Updated 7 December 2022 CONTENTS * The High-Risk Wealth Programme * Overview * Main elements

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https://www.gov.uk/government/publications/how-hmrc-collects-the-right-tax-from-wealthy-individuals/information-about-the-high-risk-wealth-programme THE HIGH-RISK WEALTH PROGRAMME It is

HMRC’s duty to ensure everyone pays the right tax under the law, regardless of wealth or status. The High-Risk Wealth Programme (HRWP) aims to accelerate the resolution of some of the most

complex and highest risk cases within the wealthy customer group. OVERVIEW HMRC introduced the programme in 2018 to: * resolve tax issues and disputes within the wealthy customer population

using agreement or litigation * reduce risk for the future by influencing individuals to change their behaviour and their approach to tax planning * improve the relationship between HMRC and

its wealthy customer population * improve HMRC’s capability to deal with large and complex tax risks HMRC chooses cases suitable for the programme by looking at the size of open risks

across all taxes. We also consider wealthy individuals’ tax and relationship strategies. MAIN ELEMENTS The main elements of the programme are: * discussions taking place at a senior level

between HMRC, wealthy individuals and their advisers * HMRC working directly with these stakeholders to investigate and discuss any technical issues * HMRC oversight of the programme through

our involvement in a cross-directorate steering group * the involvement of specialists from across HMRC and, where needed, external legal counsel Decisions on each case are made in line

with the Litigation and Settlement Strategy. Back to top