‘Compliance managers’ to have discussions with authority’s wealthiest customers in aim to raise tax revenues

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The UK’s tax authority is assigning dedicated “customer compliance managers” to more than 200 billionaires as part of a crackdown meant to raise £500m for the public purse.

HM Revenue and Customs (HMRC) said it had for the first time compiled a list of billionaires who are required to pay tax in the UK, regardless of whether they formally live in the country, to tackle a “wealthy tax gap” caused by those who do not pay what they ought.

Chief financial officer says he hopes budget measure is temporary as sector provides loans that fuel growth

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A senior Lloyds Banking Group executive has criticised the chancellor for linking bank tax increases to energy bill support for UK households, as he warned the government against extending the higher levy beyond March 2028.

Lloyds’s chief financial officer, William Chalmers, acknowledged that the economic environment was “challenging” but said the government should not seek to ease pressure on households at the expense of the banking sector as it provides loans that could fuel UK growth.

EHRC says we need transparency if workers suspect other staff are being paid more for similar work

Workers should have a legal right to know their colleagues’ pay to help prevent pay discrimination, particularly against women, the UK’s human rights watchdog has said.

The Equality and Human Rights Commission (EHRC) made the recommendation in response to government proposals to overhaul equal pay laws, saying workers deserve a right to transparency if they suspect other staff are being paid more for similar work.