Select Committee · Public Accounts Committee

Collecting the right tax from wealthy individuals

Status: Closed Opened: 26 Mar 2025 Closed: 22 Sep 2025 12 recommendations 15 conclusions 1 report

In 2023-24, there were 850,000 wealthy individuals in the UK paying personal taxes. Wealthy taxpayers are defined by HM Revenue & Customs (HMRC), who have a specific team to look into their tax affairs, as people who, in any of the last three years, have incomes of £200,000 or more, or assets at or above …

Reports

1 report

Title	HC No.	Published	Items	Response
40th Report - Collecting the right tax from wealthy individ…	HC 827	16 Jul 2025	27	Responded

Recommendations & Conclusions

1 item

2 Recommendation 40th Report - Collecting the right tax … Acknowledged

Review segmenting wealthy customer groups by wealth and complexity to target most significant tax risks.

Even among the wealthy population there are vast disparities in wealth and circumstance, making it likely that more tax is at risk for the wealthiest taxpayers. The population of wealthy taxpayers that HMRC’s wealthy team administers is getting bigger, up from 700,000 individuals in 2019–20 to 850,000 individuals in 2023–24. …

Government response. The government agrees with the recommendation and states that progress will be set out in its response, noting it is closely linked to recommendation 6b. No specific actions for this recommendation are detailed.

HM Treasury

Oral evidence sessions

1 session

Date	Witnesses
12 Jun 2025	Angela MacDonald · HMRC, John-Paul Marks · HMRC, Jonathan Athow · HMRC, Penny Ciniewicz · HMRC, Philippa Madelin · HMRC	View ↗

Correspondence

3 letters

Date	Direction	Title
16 Oct 2025	To cttee	Letter from the Chief Executive and First Permanent Secretary of HM Revenue & C…
7 Jul 2025	To cttee	Letter from the Chief Executive and First Permanent Secretary of HM Revenue and…
12 Jun 2025	To cttee	Letter from the Chief Executive and First Permanent Secretary of HM Revenue and…