Tax
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HMRC launches new online interactive help for compliance checks
Businesses and individuals can benefit from HM Revenue and Customs’ (HMRC’s) new online interactive tool that guides them through tax compliance checks. …
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FOI data shows just 2% of estates use this IHT mitigation rule but its use set to skyrocket
New freedom of information data from HM Revenue and Customs (HMRC), collected by Quilter, the wealth manager and financial adviser, reveals that…
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Government’s consultation on agricultural and business property reforms: how will this affect inheritance tax?
On 7 April 2025, the Department for Environment, Food & Rural Affairs (‘DEFRA’) published its Farming Profitability Review, adding further dialogue to…
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HMRC simplifies tax reporting as more taxpayers face Self Assessment amid shrinking allowances
Rachael Griffin, tax and financial planning expert at Quilter, comments on the latest HMRC tax update on simplification, administration and reform: “The…
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Child benefit opt outs drop for the first time in over a decade
Holly Tomlinson, financial planner at Quilter comments on the annual Child Benefit statistics: “This latest data shows just how far the High…
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Comment on HMRC tax receipts data
Alex Ranahan at FSL comments on the HMRC tax receipt data. The total receipts for the year to March 2025 were £857bn,…
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IHT receipts show new year-on-year increase – S&W comment
New data published today by HMRC shows that IHT receipts for April 2024 to March 2025 were £8.2 billion, which is £0.8 billion higher than the same…
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50% of advisers seeing higher client demand as wealth tax uncertainty bites
Uncertainty, confusion and fear stemming from Rachel Reeves’s first Budget in October 2024 are contributing to higher demand for advice from both…
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Inheritance Tax enjoys record £8.2 billion tax haul in 2024/25; £750 million up on prior year
This morning’s tax receipts update from HMRC shows that Inheritance Tax (IHT) receipts registered a record high total of £8.2 billion in…
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Key CEO comments on IHT data
Will Hale, CEO of Key has commented on today’s (Wednesday 23 April) IHT tax take data, stating: “The record-breaking IHT receipts sharpen…
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