Below you'll find a list of all posts that have been tagged as “HMRC”
Receipts for April 2022 to March 2023 reach £7.1bn Inheritance tax (IHT) receipts for April 2022 to March 2023 were up £1bn on the previous tax year to £7.1bn, according to latest numbers from HM Revenue & Customs (HMRC). Estimates released at the last Budget suggested that over the next five years IHT would bring in £38bn. This projection means …
HM Revenue & Customs (HMRC) has said there will be no rethink of controversial emergency taxes on the pension freedom withdrawals made by millions of savers, despite pressure from the industry to change its approach. The current rules require providers to charge emergency tax the first time someone uses the pension freedoms to access their pension savings. As a result, …
