Part of the debate – in the House of Lords at 2:47 pm on 7 July 2025.
Baroness Alexander of Cleveden
Labour
2:47,
7 July 2025
I thank the Minister for his Answer. He will be aware that in May the National Audit Office reported on collecting the right tax from wealthy individuals. It noted that
“underlying levels of non-compliance among the wealthy … could be much greater” than anticipated and that, based on the most recent figures available, HMRC’s “wealthy team” devoted just 5% of its casework to investigating offshore non-compliance. Given that, what timelines will the Government set for HMRC for tackling non-compliance by the wealthy, particularly surrounding offshore assets?
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