My wife is Thai, and holds both British and Thai passports, would she need to apply for Thai Pass as she will be leaving the UK on her British passport.
TLDR : Answer Summary
If your wife enters Thailand using her Thai passport, there is no need for her to apply for a Thai Pass, even if she departs the UK on her British passport. Multiple comments confirm that using the Thai passport upon entry negates the requirement for a Thai Pass, and this is a common understanding among the community.