Four people have been arrested as part of a HM Revenue and Customs investigation into a multi-million pound phone scam.

The number of families who have reclaimed inheritance tax due to falling share prices has soared in the past two years, new figures have revealed.

A leading firm of tax advisers has warned that after a pause during the Coronavirus pandemic HMRC is relaunching enquiries into taxpayers’ affairs “as a matter of urgency.”

HMRC is to end the automatic sending of paper Self Assessment returns to encourage more people to file online in a bit shift toward digital filing.