After Chancellor John Healey's budget, HMRC will assign a personal manager to each of the more than 200 identified billionaires, and sovereign funds' rental income from real estate will be taxed at 15%. Experts warn of an intensifying outflow of the wealthy from the country.
Convicted of carousel VAT fraud, Aarif Patel from Preston stole over £33 million in public funds and attempted to steal up to £90 million. In 2023, he was sentenced in absentia to 20 years in prison but has not served a single day. A confiscation order of £90.5 million issued in 2025 remains unenforced as Patel challenges it in the Court of Appeal. BBC uncovered a network of websites in Dubai portraying him as a successful businessman and philanthropist, though direct links to him remain unproven. Arif Patel of Preston, convicted of a VAT carousel fraud, stole more than £33m of public funds and attempted to steal up to £90m. In 2023 he was sentenced in absentia to 20 years in prison but has not served a single day. The £90.5m confiscation order imposed in 2025 has not been enforced: Patel is contesting it in the Court of Appeal. The BBC has uncovered a network of websites building his image as a businessman and philanthropist in Dubai.
Due to delays in administering the UK civil service pension scheme, transferred to Capita in December 2025, bereaved families risk losing the tax-free status of lump-sum death benefits. Under HMRC rules, the payment must be made within two years of the scheme being notified of the death. The chair of a parliamentary committee called the situation 'unacceptable', the Cabinet Office points to compensation mechanisms, but the ombudsman takes up to 18 months to consider complaints.