National Audit Office urges HMRC to define strategic vision for wealthy taxpayer…
What happened
The National Audit Office called on HMRC to develop a clear strategic vision and plan for addressing non-compliance among wealthy taxpayers. This followed a May 2025 report by the National Audit Office, which questioned whether HMRC may have underestimated underlying levels of non-compliance among wealthy individuals. In response, HMRC published a plan outlining its progress and commitments across seven themes, including improving customer segmentation and bringing together data from HMRC systems and third parties.
From icaew.com
Why it matters
The focus on wealthy taxpayers relates to the estimated £3.6 billion tax gap for 2024/25, which represents 6% of the total tax gap. The National Audit Office recommended that HMRC continue to improve its assessment of the offshore tax gap.
From icaew.com
Who's involved
- National Audit OfficeIndependent Parliamentary body that monitors HMRC's work on wealthy taxpayer compliance
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The entities involved
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National Audit Office
an independent Parliamentary body in the United Kingdom