High-risk Wealth Programme

Treasury written question – answered on 20th February 2023.

Alert me about debates like this

Photo of James Murray James Murray Shadow Financial Secretary (Treasury)

To ask the Chancellor of the Exchequer, pursuant to the Answer of 30 January 2023 to Question 131456 on High-risk Wealth Programme, how many of the cases considered for inclusion in the High-Risk Wealth Programme were included in the programme.

Photo of Victoria Atkins Victoria Atkins The Financial Secretary to the Treasury

The High Risk Wealth Programme was introduced in 2017-18.

It is HMRC’s duty to ensure everyone pays the right tax under the law, regardless of wealth or status.

HMRC’s compliance approach to the Wealthy Customer Group brought in an estimated £2.5 billion in compliance yield in 2021-22. This is tax that would otherwise have gone unpaid without HMRC’s intervention. HRWP is just one aspect of our compliance approach, you can find out more about HMRC’s compliance approach here.

The programme is reserved for our most complex and highest risk cases, and we therefore do not expect a large number of cases to enter these programmes each year. Over 2017-18 to 2021-22, two thirds of cases considered were included in the High Risk Wealth Programme (HRWP).

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.