Source · Select Committees · Public Accounts Committee
40th Report - Collecting the right tax from wealthy individuals
Public Accounts Committee
HC 827
Published 16 July 2025
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Fourtieth report from Session 2024-26 · published 15 Oct 2025
Recommendations & Conclusions
2
Recommendation
Acknowledged
Review segmenting wealthy customer groups by wealth and complexity to target most significant tax risks.
Recommendation
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 …
Read more
Government Response Summary
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
View Details →
25
Conclusion
Acknowledged
HMRC committed to increasing transparency on tax contributions from wealthy taxpayers.
Conclusion
We stressed to HMRC the importance of its role in ensuring it can assure ordinary taxpayers that everybody is paying their fair share of tax. HMRC told us that fairness is right at the heart of its charter, and that …
Read more
Government Response Summary
The government agrees with the item, stating HMRC will review its data and modelling on wealthy individuals' assets and will explore options for extending the range of data published to improve transparency by Autumn 2026.
HM Treasury
View Details →