IHT receipts reach £3.2bn
A £300m increase compared to the same period last year
HMRC
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UK tax tribunal delivers outcome on domicile case
Appeal results in reduction in taxes of around £100,000
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HMRC paid over £500,000 to whistleblowers last year
Up 75% from five years ago
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‘Home loan’ IHT avoidance scheme escapes double tax charge
But scheme did fail to save any inheritance tax
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Tax reliefs ‘have been abused’, say UK MPs
As treasury committee welcomes a ‘comprehensive and systematic review’ of the regime
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17% rise in number of families paying IHT
Average inheritance tax bill fell 1% to £214,000 in 2020/21 financial year
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Inheritance tax receipts reached £2bn between April and June
A £200m increase from last year
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Pension tax overpayments hit £56m in Q2 2023
This is up almost £8m compared to the first quarter of the year
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Tax paid by non-doms rises 8% in 12 months
With an average individual paying £123,000 in the past year
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HMRC wins IHT case over location of domicile of choice
Anyone arguing that they are not UK-domiciled should create and maintain evidence, warns tax expert
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HMRC rakes in £1.2bn from IHT receipts in two months
13% more than in the same period last year
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HMRC writes to UK residents named in Pandora Papers leak
They have been warned to report all their overseas income and gains they owe tax on or face penalties