18
Deferred
HMRC's wealthy team has increased compliance yield by preventing non-compliance and targeting complex investigations.
Conclusion
The wealthy team has been generating more of its compliance yield from activities that promote compliance or prevent non-compliance, such as legislative changes, educating agents, and digital prompts within tax software, creating less need for HMRC to open a compliance investigation. HMRC said that by supporting more people to get their tax right first time it has been able to target its resources on more complex, higher-risk investigations that yield higher levels of compliance yield. It said average returns per case in the wealth team have increased from £34,000 to £94,000.34 The wealthy team has therefore managed to increase the yield from its compliance investigations despite conducting fewer of them.
Government Response Summary
The government agrees and states HMRC will publish a plan by Spring 2026 detailing how it will improve compliance by the wealthy population and outlining timelines and outcomes.
Government Response
Deferred
Government Response
Deferred
HM Government
Deferred
1.1 The government agrees with the Committee’s recommendation. Target implementation date: Spring 2026 1.2 HMRC’s Transformation Roadmap was published in July 2025. This includes HMRC’s plans to close the tax gap. HMRC will publish its plan in spring 2026 on how it will improve compliance by the wealthy population and set out timelines and outcomes for each objective.
Source
Committee
Public Accounts Committee
Report
40th Report - Collecting the right tax from wealthy individuals
16 Jul 2025
HC 827
Addressee Bodies
HM Treasury
Timeline
Recommendation age
1.0 yr
Report published
16 Jul 2025