IHT receipts rise by £700m in new tax year boost for HMRC
HMRC has started the new tax year with a 7.2% annual rise in inheritance tax receipts. We explain how to keep the bill down.
Stay updated with breaking news from Jonathan Halberda. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
HMRC has started the new tax year with a 7.2% annual rise in inheritance tax receipts. We explain how to keep the bill down.
Inheritance tax receipts surged to a record high last year due to the government freezing the threshold at which you start to pay. Read this plus all the latest consumer and personal finance news below - and leave your thoughts in the comments box.
HM Revenue & Customs (HMRC) has today (23 January) revealed that inheritance tax (IHT) receipts for April to December 2023 were £5.7bn, which is £400m higher than in the same period the previous year.
Inheritance tax (IHT) receipts for April to December 2023 reached £5.7bn, the HMRC has revealed today (23 January).
Value of doctor’s pensions could rise by more than 10pc this year