Fraudster who stole £65m from investors jailed for additional term
The man alongside four others lured investors into a fake ‘green’ investment scheme
HMRC
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IHT receipts reach £4.6bn ahead of Autumn Statement announcement
As people eagerly wait to hear what is in store for the tax
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31% rise in offshore-related nudge letters sent by HMRC
It is ‘clearly stepping up activity targeting taxpayers with undeclared income or gains’
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What advisers need to know about the statutory residence test
A recent HMRC case has shown the UK taxman will ‘instigate intensive enquiries where exceptional circumstances are claimed’
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IHT receipts reach £3.2bn
A £300m increase compared to the same period last year
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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