HMRC
1,000% rise in LTA tax collected over a decade
Fuelled by ‘continuous cuts’ to allowance threshold
HMRC refunds £835m in overpaid tax on pension withdrawals
But advisory firm believes total is likely to be in ‘excess of £1bn’
HMRC did not use APNs once last year to tackle tax avoidance
UK taxman says it reprioritised resources to deal with impact of covid
UK scraps mandatory PI insurance plans for tax advisers
Government ‘committed to raising standards’ in the market
‘Gifts gone wrong’ cost UK taxpayers £125m
‘Complexity of the IHT regime means it’s very easy to make mistakes’