HMRC reels in record £4.3bn from inheritance tax
According to figures from the UK tax office, HMRC managed to net £4.3 billion in revenues from Inheritance Tax (IHT) in the 11 months to February of this year.
According to figures from the UK tax office, HMRC managed to net £4.3 billion in revenues from Inheritance Tax (IHT) in the 11 months to February of this year.
Recent data has revealed that HMRC raised an additional £470m in tax last year through investigations into small and medium-sized businesses.
The Government’s recent decision to scrap the State Second Pension pension system will affect some six million UK workers and hundreds of employees from April 6.
Experts have said fruit juice and smoothies should be included in the new sugar tax after finding that some had twice as much sugar than required to qualify for the levy.
A takeaway owner who stole £165,000 in tax was this month jailed for more than two years.
According to a spokesman for HM Revenue & Customs (HMRC), tax will get easier for small businesses because it is going online and, with the new quarterly return, will be more efficient and more effective than the annual return system.
Officials at HM Revenue & Customs (HMRC) have warned that alcohol traders face substantial penalties if they fail to register for the tax authority’s Alcohol Wholesale Registration Scheme.
HM Revenue & Customs (HMRC) spends six times the amount advertising on Facebook than the social media site pays in tax, it was claimed this week.
A recent report unveiled by HMRC has revealed that British taxpayers are being introduced to avoidance arrangements via ‘persuasive promoters’ – typically in the form of friends, family and ‘unusual’ scheme sellers.
Electronic cigarettes are set to soar in price under plans by Brussels to tax them at the same rate as tobacco.
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