HMRC ‘quiet scandal’ as overtaxation of pension withdrawals soars
It has had to pay back £925m since pension freedoms were introduced
HMRC
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Brits hit with £382m bill after breaching lifetime allowance limit
Frozen thresholds mean even more people will have to fork over cash
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Why HMRC can’t estimate the offshore tax gap
‘One cannot tackle a problem with one’s head in the sand’
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HMRC bags record £14.3bn in capital gains tax
A 42% increase from the 2019-20 financial year
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Ingenious suffers court defeat against HMRC over film schemes
Taxman can now collect £1.6bn in outstanding liabilities
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Frozen thresholds see UK IHT take double in a decade
Latest figures show receipts hit £1.8bn in last three months
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Ex-Formula One CEO charged with fraud
He has been accused of failing to declare offshore assets of around £400m
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329 footballers under investigation over tax avoidance
HMRC is ‘very concerned about the significant amounts of unpaid tax in the sport’
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Brits have £570bn in offshore accounts
But not-for-profit claims HMRC has no idea how much is tax evasion
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£500m IHT paid in April
‘The need to take advice has never been more important’
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2.5 million UK adults to be dragged into higher rate tax band
But ‘now have a much bigger incentive to put more money into their pensions’
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Pension savers recoup more than £22m in tax
As ‘clunky’ and ‘complex’ system blamed for overpayments