UK annual and lifetime allowance pension charges soar
Even before thresholds were frozen by the chancellor in 2021
HMRC
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Inheritance tax receipts hit £5.5bn
‘Many people who would not consider themselves wealthy will now face a hefty bill’
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Isle of Man tax avoidance promoter fined £150,000
It ‘used a series of tactics to try and frustrate’ HMRC
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UK expats returning from Ukraine may face large tax bills
HMRC asked to take a lenient approach towards individuals forced to come back to Britain
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Zilch recovered from 47% of HMRC tax investigations last year
But it says decision to intervene ‘not solely driven by money’ it may retrieve
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UK CGT tax bill hits record £13bn
Some entrepreneurs had to pay seven-figure sums from the sale of their businesses
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Taxpayers should only take HMRC to court ‘as a last resort’
Law firm tells individuals to settle issues through alternative dispute resolutions
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1,000% rise in LTA tax collected over a decade
Fuelled by ‘continuous cuts’ to allowance threshold
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HMRC refunds £835m in overpaid tax on pension withdrawals
But advisory firm believes total is likely to be in ‘excess of £1bn’
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HMRC did not use APNs once last year to tackle tax avoidance
UK taxman says it reprioritised resources to deal with impact of covid
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UK scraps mandatory PI insurance plans for tax advisers
Government ‘committed to raising standards’ in the market
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‘Gifts gone wrong’ cost UK taxpayers £125m
‘Complexity of the IHT regime means it’s very easy to make mistakes’