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Latest News & Events
5,400 estates investigated by HMRC for underpayment of IHT in the last year
HMRC is treating Inheritance Tax as an increasingly lucrative source of income. Rising asset prices such as property means that the amount of IHT at stake can be very substantial.
Businesses and consumers hit by £6bn in Insurance Premium Tax following rate hike – up 22% in a year
The Government’s income from Insurance Premium Tax increased to £6bn in 2017/18*, up 22% on £4.88bn collected the previous year – a far bigger impact on businesses and consumers than had been predicted by the Government, our research shows.
HMRC yield from investigations into ‘sin taxes’ on alcohol and cigarettes more than doubles in a year to £2.6bn
The additional revenue collected from HMRC’s investigations into the underpayment of ‘sin taxes’ on alcohol and cigarettes has more than doubled in a year to £2.6bn in 2017/18, up from £1.25bn the previous year.