HM Revenue & Customs (HMRC) collected an extra £373 million from wealthy tax evaders in 2008/09, which represented a 360% increase from the previous five years.
The figures were obtained by the law firm McGrigors after it lodged a Freedom of Information Act.
Phil Berwick of McGrigors noted that the majority of people involved were investment bankers and hedge fund managers - and they have sought sanctuary for a part of or all of their earnings from the taxman by using avoidance schemes.
HMRC has stated that it expects the total number of higher rate tariff payers to decrease from 3.89 million in 2007/08 to 2.9 million in 2009/10, with a corresponding decline in income tax receipts by £15.9 billion from £91 billion to £75.1 billion.
The government body recently announced a change in the way PAYE would function, as employer annual returns will now have to be completed online by the 19 May deadline.
HMRC collects extra £373 million from 'tax dodgers'
The FSA does not regulate tax advice. Tax rules are subject to change.
The value of your investments - and the income from them - can fluctuate and it is possible that you might not get back a significant amount of your investment. Past performance is not a guide to future performance and may not be repeated.
