Tax & Technical
IHT bills exceed £6bn for first time
‘Inheritance tax is becoming ever-more lucrative for HMRC’
HMRC lacks data on pension annual allowance breaches
While DWP under fire for £1bn in underpaid pensions
EU hits out at US for ‘lack of reciprocity’ under Fatca
As Accidental Americans try to stop the Netherlands from sharing data with the United States
FCA injects £11m into fight against investment scams
Consumers lost £570m to fraudsters in 2020-21 alone
Financial planning fail sees Brits pay £280m in extra IHT
Estates could have avoided the tax bill if they had put life insurance policies into a trust