HM Revenue & Customs

A Record Year for Inheritance Tax Receipts!

HM Revenue and Customs is on course to collect a record-breaking £8 billion in inheritance tax this year due to fiscal drag and a lack of even the most basic planning amongst deceased taxpayers.    A few facts. HMRC says…
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Latest & Interesting HMRC Statistics on Non-Domicilaries

HMRC’s latest round of tax statistics issued on 6 July shows that many non-domiciled individuals stayed outside of the UK and remitted less taxable income back. In 2022 there has been an increase in the number of non-domiciled taxpayers arriving…
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Inheritance Taxpayers Rise by 24 percent

  HM Revenue & Customs has reported that 41,000 people were liable to paying inheritance tax in the 2022/2023 financial year. This represents an increase of 24% compared to 33,000 people the previous year and is now the highest figure…
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HMRC Win in IHT Home Scheme

HMRC has recently won an important inheritance tax case, in which a home-loan or double-trust, tax planning scheme failed. The case is James Charles Pride as trustee of the estate of the late Geraldine Jill Pride and HMRC’, was heard…
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