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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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UK notches up 2,001 ISA millionaires

There are now 2,001 ISA millionaires in the UK with average pots of £1.4m.

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HMRC pushes back Self-Assessment filing penalties

HMRC has waived late filing and late payment penalties for Self-Assessment taxpayers for one month.

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