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HMRC

Formal rating
A–Outlook: Stable
As of 2026-Q2
This week’s trust-pressure signal
○Neutral pressure13 – 19 Sep 2026

No major new tax-administration or customer-service story this week.

Provisional indicator only · Does not change the formal rating

Current standing

HMRC collects the bulk of UK tax revenue with improving digital channels. Customer service performance and complexity of the tax code remain persistent criticisms; compliance yield is a relative strength.

25-year trajectory

2000 baselineA
→
2026 formalA–
Stable
  • •Digital transformation (Making Tax Digital etc.) has progressed.
  • •Customer service and phone-wait metrics have been weak for extended periods.
  • •Tax-gap estimates show mixed progress.

Visual comparison

HMRC vs international peers

2000 baseline (left) vs 2026 formal (right) · Higher bar = stronger rating

20002026
BBBBB–A–AA–AAAAA–UKHMRCA+AGermanyBundeszentralam…AA–FranceDirection génér…AA–CanadaCanada Revenue …A+AAustraliaAustralian Taxa…A+ANetherlandsBelastingdienstA+ASwedenSkatteverket

Five pillars (formal assessment)

Public Trust & Respect

Stable
Adequate under pressure

Seen as necessary but often frustrating to deal with.

Performance & Effectiveness

Stable
Adequate

Revenue collection is effective; service experience is mixed.

Financial / Operational Sustainability

Stable
Adequate

Operational model is large-scale and relatively stable.

International Standing

Stable
Adequate to Strong

Digital tax administration is studied by peers.

Shock Absorption & Adaptive Capacity

Stable
Strong

Handled COVID support schemes and subsequent recovery at scale.

International peers

Formal ratings only · 2000 baseline → 2026 current · No weekly signals

InstitutionCountry20002026Outlook
Bundeszentralamt für Steuern / LänderGermanyA+AStable
Direction générale des Finances publiquesFranceAA–Stable
Canada Revenue AgencyCanadaAA–Stable
Australian Taxation OfficeAustraliaA+AStable
BelastingdienstNetherlandsA+AStable
SkatteverketSwedenA+AStable