HMRC back down on plan to stop publishing wealth statistics

Posted on

I took part in the HMRC consultation on its plan to cease publication of wealth statistics. As a result I was pleased to get this email this afternoon:

Dear Mr Murphy,

Many thanks for your response to the consultation regarding the future of HMRC's Personal Wealth Statistics.

Please be aware that the results of the consultation have been published on the gov.ukwebsite:

https://www.gov.uk/government/consultations/statistical-consultation-possibility-of-ceasing-publication-of-hmrcs-personal-wealth-national-statistics

In summary, most respondents accepted our view that there were reasons to be concerned with the current methodology used for producing the statistics, but were unanimous in disagreeing with the proposal to cease publication. Given this interest, we think it is appropriate to continue to publish National Statistics on the Distribution of Personal Wealth and add further investment where possible to address the existing issues. The statistics covering the period 2011 to 2013, which would have been published in September 2015, will now be published on 30 September 2016.

Kind regards

Shahida Begum

HM Revenue & Customs

Now, when will they admit the tax gap methodology is flawed? I guess I should accept one win at a time.