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HMRC responds to PAC report on High Net Worth Individuals

Press Release   •   Jan 27, 2017 09:46 GMT

In response to the Public Accounts Committee's report 'Collecting tax from high net worth individuals' released on 27 January 2017, HMRC has issued the following statement:

“The vast majority of people in the UK pay all the tax they owe and today the top one per cent of earners pay more than quarter of all income tax. There is absolutely no special treatment for the wealthy, and in fact we give them additional scrutiny, with one-to-one marking by HMRC’s specialist tax collectors, to ensure that they pay everything they owe, just like the rest of us do. We have secured an additional £2.5 billion from the very wealthiest since 2010.

“The NAO commends this approach as being in line with international best practice and confirms that HMRC has increased the amount of tax we collect or secure from the very wealthy that would have otherwise gone unpaid.”

Issued by HM Revenue & Customs Press Office

HM Revenue & Customs (HMRC) is the UK’s tax authority.

HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.