Select committee: Public Accounts Committee
Conclusion 12
40th Report - Collecting the right tax from wealthy individuals
Published 16 Jul 2025
Addressed to HM Treasury
Public Accounts Committee Collecting the right tax from wealthy individuals All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
Customer Compliance Managers (CCMs) within the wealthy team provide a single point of contact for the taxpayer and their agent and develop an in-depth understanding of a wealthy individual’s financial affairs to identify risks and support the taxpayer to be compliant. The wealthy team has around 100 CCMs in post and, as at February 2025, had assigned a CCM to around 15,000 taxpayers it perceived to have the highest levels of complexity or opportunity for non-compliance (2% of wealthy individuals).19 HMRC told us that it deploys its CCMs according to those who pose the greatest risk and says they typically end up working on cases relating to individuals with wealth above £10 million. But HMRC acknowledged it may need to make changes to its risk model as part of improving its data and risking.20
From: Public Accounts Committee, 40th Report - Collecting the right tax from wealthy individuals (HC 827), 16 July 2025
Government response
Latest Treasury Minutes progress report to the Committee of Public Accounts on the Fortieth Report of Session 2024-26
The government responded to the whole report on 4 June 2026 (deadline 16 September 2025).
Treasury minutes: Government response to the Committee of Public Accounts on the Fourtieth report from Session 2024-26
Published 15 October 2025.
Summary written by Accountability Index from the government's response. It is not the government's own words.The government states that it agrees with the Committee's recommendations, setting mostly Autumn 2026 target dates, while declining one specific proposal on penalty targets.
- On the plan to increase yield from wealthy taxpayers, the government agrees and HMRC "will publish its plan in spring 2026" with timelines and outcomes for each objective.
- On data about billionaires and wealth, the government agrees. HMRC will provide the Committee with assurance by autumn 2026 that identified billionaires with a UK tax footprint have an allocated Customer Compliance Manager.
- On penalties for enablers of tax evasion, the government agrees to the recommendation but HMRC "is not minded to set an annual target", because issuing penalties "is dependent on the behaviours shown by taxpayers and enablers in each specific case".
- On the wealthy tax gap, the government agrees, and HMRC "will write to the Committee in Autumn 2026" updating on progress in improving the estimate.