High Net Worth Unit: Tax Yields
(asked on 30th January 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of trends in the revenue collected by HM Revenue and Customs High Net Worth Unit in each of the last five years; and if he will make a statement.
The NAO report published in November 2016 shows the amount of compliance yield collected by the High Net Worth Unit in HM Revenue and Customs over the last five years. This was:
Year | Yield |
2011-12 | £200 million |
2012-13 | £223 million |
2013-14 | £268 million |
2014-15 | £414 million |
2015-16 | £416 million |
In this period the High Net Worth Unit has increased the yield from its work each year and exceeded the annual yield targets that it agreed internally.