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Select committee: Public Accounts Committee

Treasury minutes: Government response to the Committee of Public Accounts on the Fourtieth report from Session 2024-26

Published 15 October 2025

Public Accounts Committee Collecting the right tax from wealthy individuals Report on parliament.uk ↗

At a glance

The government's response

This document responds to 40th Report - Collecting the right tax from wealthy individuals.

This is the government's response, 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.

Read the government's response ↗ Report an error

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