Financial advisers and industry experts have expressed concern about the ‘stealth tax’ threat from Inheritance Tax after receipts grew to £3.5bn for the latest six month period, up £400m year on year.

HMRC has fined 68 estate agents a total of more than £500,000 for breaching money laundering regulations.

Private pension savers withdrew £3.57bn in the second quarter of this year, a 23% increase year-on-year.

Financial advisers with clients who have been pursued by HMRC over inheritance tax liabilities in relation to Employee Benefit Trust (EBT) scheme have been invited to join a group action tribunal appeal against the taxman.