Oral Question·Treasury
“What assessment she has made of the adequacy of the data her Department holds on high net worth individuals.”
Tabled: 25 June 2025Answered: 1 July 2025
Asked by
Bobby Dean
Liberal Democrat — Carshalton and Wallington
Answering Minister
the Chancellor of the Exchequer
Answer from Hansard
The Exchequer Secretary to the Treasury (James Murray)
His Majesty’s Revenue and Customs uses a range of data sources to monitor the wealthy population. International exchanges of information, including the common reporting standard and US Foreign Account Tax Compliance Act data, offer opportunities to develop deeper insight into the international financial affairs of some of the UK’s wealthiest taxpayers.