MPs criticise HMRC 'failure to get tough on rich'

Have called for tougher approach on taxing richest

clock • 2 min read

MPs have called for a tougher approach on taxing the super-rich in a scathing new report.

Failure to get tough with the country's richest was undermining confidence in the whole tax system, they said in a report by the Commons Public Accounts committee. The MPs accused HM Revenue and Customs (HMRC) of creating the impression there was "one rule for the rich and another for everyone else", Sky News reported. In 2009 HMRC set up a specialist unit to deal with high net worth individuals in order to better understand how they managed their taxes. Committee chairman Meg Hillier told Sky News: "What we found was that since 2009 the amount of tax paid by the wealthiest actua...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Advisers urged to protect themselves if clients reject IHT planning

Advisers urged to protect themselves if clients reject IHT planning

Could face questions from beneficiaries

Isabel Baxter
clock 02 October 2026 • 3 min read
IHT on pensions: 'A bigger deal than the government currently realises'

IHT on pensions: 'A bigger deal than the government currently realises'

AJ Bell's Rachel Vahey speaks at PA360 North

Sophia Panayi
clock 01 October 2026 • 3 min read
Budget Media Watch: Labour could scrap 'family farm tax'

Budget Media Watch: Labour could scrap 'family farm tax'

What the papers are saying about the Budget

Sophia Panayi
clock 22 September 2026 • 2 min read