‘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.

These yachts are highly popular with the ‘super-bourgeoisie’ – and getting bigger. Can anything be done to stop them destroying our seas?

Who knew? Apparently everyone did, apart from me: you don’t wear shoes on a superyacht. Now, about to step on to my first teak deck at the Monaco Yacht Show, I’ve got to take my trainers off, and I’m having a sock panic. Have they got holes? Do they even match? Do they smell?

To be honest, I’ve come dressed all wrong for Europe’s big annual superyacht trade exhibition. The code for men seems to be crisp and tucked in, blazers and chinos, navy and white, sculpted hair and designer sunnies. (I went colourful, loose, casual). For women, it’s something like Riviera elegance. Everyone – whether they’re Italian, French, English, German, American, exhibitors, buyers, brokers, charterers – seems to know each other. The international superyacht community seems to be a close-knit one, and I’m not part of it. Yet.