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CII sees revenues recover but faces £2.5m tax bill

Revenue increased 6% year-on-year to £39m for the Chartered Insurance Institute (CII) as it returned to operating profit in 2021 but the professional body faces a potential tax bill of up to £2.5m.

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Surge in trust registrations expected ahead of deadline

A surge in the registration of new and existing trusts with HMRC is expected ahead of the deadline of 1 September.

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IHT receipts hit new record high

Inheritance tax receipts for April 2021 to February 2022 hit a new record high of £5.5bn.

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Wealth firm fined £150k for failing to supply info to HMRC

An Isle of Man-based wealth management and tax advice firm, AML Tax (UK) Limited, has been fined £150,000 for failing to provide HMRC with legally required information.

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