HMRC announces that the number of tax investigations it is doing rises. Ritchie complains that it’s not enough:
And apparently knowing that suggests that there are just 60 people a year worth investigating. Even if we only assume they are looking at higher rate tax payers that is still only about a 0.002% chance of being investigated.
From his own source article:
A Finance Team set up by HM Revenue and Customs to target wealthy fund managers and investment bankers……The Finance Team is part of HRMC’s High Net Worth Unit, which targets high earners in private equity, investment banks, hedge funds and other funds.
This isn’t the team looking at high income earners. Nor the team looking at higher rate payers. It’s not even the team looking at rich people. It’s the team looking at one distinct subset of the finance industry who also happen to be rich people.
The total population being looked at here is some thousands, possibly extending to a couple of tens of thousands (there’s a few hundred thousand working in wholesale finance, this is some subset of that and then only the top earners/wealth owners in that subset).