IHT receipts climb by £400m to record breaking £7.5bn
A continuation of the upward trend evident for two decades
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A continuation of the upward trend evident for two decades
£400m higher than previous year
The man alongside four others lured investors into a fake ‘green’ investment scheme
As people eagerly wait to hear what is in store for the tax
It is ‘clearly stepping up activity targeting taxpayers with undeclared income or gains’
A recent HMRC case has shown the UK taxman will ‘instigate intensive enquiries where exceptional circumstances are claimed’
A £300m increase compared to the same period last year
Appeal results in reduction in taxes of around £100,000
Up 75% from five years ago
But scheme did fail to save any inheritance tax
As treasury committee welcomes a ‘comprehensive and systematic review’ of the regime
Average inheritance tax bill fell 1% to £214,000 in 2020/21 financial year