Tim Fullerlove, a partner at Wilsons, said: “London is still an attractive prospect for the wealthy, but a more welcoming culture in UK policies could help to retain its appeal. The number of people earning such sums in the country has risen to over 18,700, an increase of 3,700 over the last tax year, according to figures from HM Revenue & Customs. Over a third of the high earners live in London, with more than 2,000 based in Kensington and Chelsea and 1,400 in Westminster. A spokesman for HMRC said: “Tax avoidance is illegal under UK law but we are working hard to crack down on those who try to exploit loopholes by claiming false incomes.
The number of people earning such sums in the country has risen to over 18,700, an increase of 3,700 over the last tax year, according to figures from HM Revenue & Customs. Over a third of the high earners live in London, with more than 2,000 based in Kensington and Chelsea and 1,400 in Westminster. A spokesman for HMRC said: “Tax avoidance is illegal under UK law but we are working hard to crack down on those who try to exploit loopholes by claiming false incomes.