Wealthy Britons avoiding more tax than thought, spending watchdog says

NAO reports £1.9bn tax gap for wealthy individuals and urges ministers to redouble efforts to secure more revenue

Wealthy individuals in Britain could be avoiding more tax than thought, the government’s spending watchdog has said, after a dramatic fall in the number of penalties being issued to the super-rich.

In a report urging ministers to redouble their efforts to secure more of the money owed by wealthy people to the exchequer, the National Audit Office (NAO) said billions of pounds was going unpaid each year.