7

HMRC secured funding to increase wealthy team by 400 staff, targeting £500m additional yield.

Recommendation
We asked HMRC about its ambitions and priorities for ensuring that wealthy individuals pay all the taxes that they should. HMRC told us that it has significant opportunity to do more and that is working with Ministers to secure the funding and ensure that the wealthy team has the capacity and capability it needs to undertake more activity.9 HMRC told us it has secured funding to increase the current wealthy team of around 1,000 people by an additional 400 staff. It aims to bring in at least an additional £500 million of yield over the next three or four years from more resources and activity focused on tackling wealthy offshore risks.10 5 C&AG’s Report, para 4 6 Committee of Public Accounts, Collecting the right tax from wealthy individuals written evidence 7 C&AG’s Report, paras 3.2, 3.3 8 Q 107 9 Qq 11, 67 10 Qq 11, 13, 49 9
Government Response

A response document is linked to this report, dated 15 October 2025. Response attribution to this conclusion has not been verified. Read the response document.

Addressee Bodies
HM Treasury
Timeline
Recommendation age 1.2 yr
Report published 16 Jul 2025