Inheritance tax avoidance investigations rise as HMRC cracks down on estate undervaluations

Monday, 17 September 2018 | News

HM Revenue and Customs is increasingly targeting estates it believes have undervalued residential property to avoid Inheritance Tax bills, according to an accountancy firm.

Low earners to get 50% savings bonus with Help to Save scheme

Wednesday, 12 September 2018 | News

Low earners are to finally be given access to a new government savings scheme that offers generous incentives to put money away.

One month to declare offshore income before HMRC doubles your tax bill

Friday, 31 August 2018 | News

If you own a holiday home and have forgotten to declare income earned from the property, the time is ripe to get in touch with HM Revenue and Customs (HMRC).

“Huge discrepancy” in HMRC tax repayment rate

Friday, 24 August 2018 | News

HMRC has been accused of treating taxpayers unfairly after it increased the interest rate charged to late taxpayers whilst its own repayment rate has remained frozen.

Inheritance tax revenue breaks £5 billion barrier for the first time

Tuesday, 31 July 2018 | News

Inheritance tax revenue has exceeded the £5 billion barrier for the first time, with bereaved families stumping up £5.228 billion in the last tax year (2017/18) – 8% more than the previous year.

Sharp rise in taxpayer challenges to HMRC

Monday, 30 July 2018 | News

The Inland Revenue faces a 36% increase in judicial reviews over unfair tax demands.

More than a million yet to renew tax credits: don't miss 31 July deadline

Tuesday, 24 July 2018 | News

More than one million people have yet to renew their tax credits, with just one week to go before the deadline of 31 July, according to the latest figures from HMRC.

HMRC crackdown on firms that 'short-change' lowest paid workers

Thursday, 10 May 2018 | News

In 2017 to 2018, £15.6 million in pay was refunded to more than 200,000 of the UK’s lowest paid workers by HM Revenue & Customs (HMRC).

Scam watch: HMRC warns of rise in tax refund scams

Wednesday, 09 May 2018 | News

HM Revenue & Customs (HMRC) is calling on taxpayers to stay vigilant in the fight against fraudsters, who are using email and text messages to scam them out of their savings. 

Women remain cautious about Stocks & Shares Isas

Monday, 30 April 2018 | News

Women opened more Isas than men in the last tax year – but not the right type if they want to maximise their savings, experts are warning.