25 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 it wants to make it as easy as possible for people to pay their taxes on time. It said it is committed to improving trust in the tax system, which it accepted had declined in recent years. It said it will examine opportunities 44 Qq 90, 131-132 45 C&AG’s Report, para 18 46 Qq 68-69 47 Letter from HMRC to Committee, 26 June 2025 16 to provide greater transparency regarding the amount of tax wealthy taxpayers pay and the contributions of different segments within the wealthy population.48
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.
Government Response
Acknowledged
HM Government Acknowledged
6.1 The government agrees with the Committee’s recommendation. Target implementation date: Autumn 2026 6.2 HMRC will review its data and modelling on income, gains and the value of assets owned by individuals. HMRC is committed to continually reviewing the range of statistics it publishes and improving transparency and will explore options for extending the range of data it publishes in this area.
Addressee Bodies
HM Treasury
Timeline
Recommendation age 1.0 yr
Report published 16 Jul 2025