HMRC have notified the professional representative associations of the creation of a HNWI division within HMRC. Taxpayers who will be affected, along with the accountants who handle their affairs will be notified directly of changes in the coming weeks.

According to the HMRC notification to ICAI,

“This will involve the creation of a dedicated High Net Worth unit responsible for a small number of our most wealthy customers. This unit will:

• build relationships to help us better understand these customers and to make it easier for them to get things right, and
• better tailor service delivery for these customers through proactive engagement and by providing a single point of contact and a holistic approach to their tax affairs.

Some of our customers currently dealt with by Complex Personal Returns teams will move to this new unit. Others will move to our main Customer Operations units.”

HMRC advise that they are writing in similar terms to tax practitioners and agents with a significant number of clients affected.