Wealth: Taxation
The question
To ask the Chancellor of the Exchequer, what the total compliance yield generated by HMRC’s Wealthy Team was in each financial year between 2017-18 and 2024-25.
Answered by Dan Tomlinson
The table below shows the compliance yield attributed to the wealthy customer group, which includes yield generated by HMRCs Wealthy Team. HMRC does not hold the figures for 2017-18. We have provided details from the earliest period available in the table below:-
Annual Report figures | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
Compliance Yield (£m) | 1,800 | 2,200 | 3,000 | 2,500 | 4,000 | 5,200 | 3,700 |
Compliance yield for the wealthy population can fluctuate year on year because it can be impacted by the nature of the work and risks being settled as well as the settlement of a small number of complex, high value cases and litigation outcomes. Complex cases can take time to work through which can lead to yearly fluctuations.
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