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Interest on late income tax payments soars to £513 million as HMRC hikes interest rate to its highest level since 2007
Those paying their tax bill late have been hit with millions of pounds of interest by HMRC since 2020. We explain how the interest rate works and what it means for your tax bill
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HMRC opens 1,000 more inheritance tax probes – what to do if it happens to you
Enquiries into inheritance tax owed have jumped by over a third in just one year, but there has been in a decrease in the proportion of investigations leading to higher bills
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What is the 67% inheritance tax trap on pensions – and can you avoid it?
Your loved ones could find themselves paying an effective tax rate of 67% once pensions are brought into the inheritance tax net from April 2027. The concern has sparked an increase in wealth transfer conversations with financial planners.
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The UK regions where family businesses will be hit hardest by inheritance tax changes
Job losses and cuts to investment plans are looming as inheritance tax changes due to come in next year affect firms and farms around the country
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Family must pay £176k inheritance tax bill due to common gifting error – how you can avoid it
Giving gifts can reduce inheritance tax liabilities, but it’s important to avoid falling foul of the rules
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Workplace pension salary sacrifice schemes could be under threat as HMRC explores options
HMRC has published research which looks at hypothetical cuts to salary sacrifice for workplace pensions
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IHT receipts rose by almost an extra £100m in April – and the bills are only going up
Latest official figures show families paid £97 million more in inheritance tax than a year ago, as frozen thresholds mean higher bills
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Angela Rayner secret tax memo to Rachel Reeves: could these tax hikes become a reality?
As details emerge of a memo sent by Rayner to Reeves calling for a £4 billion tax raid on savers and investors, experts fear some of them might make an appearance in the Autumn Budget
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Has Rachel Reeves really ruled out a £4,000 cash ISA limit?
The overall £20,000 ISA limit looks set to stay, but questions remain over whether there will be a reduction in the cash ISA allowance
