HMRC has identified £156m worth of gifts in the last year that may still be liable for inheritance tax as the donor continued to benefit from the asset after making the gift, according to analysis by TWM Solicitors.

The number of complaints made to HMRC about delays and mistakes surged 66% to 12,670 last year as taxpayers spent more than 550 years between them trying to sort things out with the tax office.

HMRC’s new technical note for IHT on pensions highlights a considerably more complex and administratively demanding landscape for families dealing with estates that include pension assets.

Time is running out for HMRC to tell the pensions industry how next April’s Inheritance Tax changes will work, according to pension consultants LCP.

The normal minimum pension age rules from HMRC have created a potential confusing gap for those born between 6 April 1971 and 5 April 1973.

Inheritance tax (IHT) receipts rose 2% to £8.5bn in the 2025/26 tax year (2024/25: £8.2bn), marking a fifth consecutive annual record.

Latest HMRC data reveals that Capital Gains Tax (CGT) receipts hit £17bn in January, up £7bn from the £10bn recorded a year earlier in January 2025.

With less than a week until the self assessment deadline, 8.6m people have already filed their return for the 2024 to 2025 tax year, HMRC reports.

Some 5.65m people have yet to file their self-assessment tax return despite the end-of-January deadline approaching, HMRC has warned.

New rules which came into force at the start of the year have made it harder for crypto investors to hide their gains from international tax authorities.

There’s been a surge in end of year tax demands with more than 1.3m being contacted by HMRC in 2023/24, nearly double the number just two years earlier.

HMRC has warned taxpayers to be vigilant after receiving more than 4,800 reports of Self Assessment scams since February.

HMRC investigators have seized over £1.1m following a raid on a money service business in London.

The FCA has issued a reminder today to firms that cancellation rights do not exist for pension commencement lump sums (PCLS).

Wealth management trade association PIMFA has warned that draft inheritance tax reforms are unworkable in their current form.

Cash ISA subscriptions rose by 67% to £69.5bn in the 2023/24 tax year, according to new figures released today by HMRC.

Half (45%) of savers with a Lifetime ISA opened their account in order to save for retirement or later life.

HMRC has warned users of its Self Assessment system to remain vigilant to scams that claim to be from the department.

HMRC collected inheritance tax (IHT) receipts of £3.1bn in the first four months of 2025/26, an increase of £229m (8%) compared to the same period in 2024/25 (£2.8bn).

New figures published by HMRC reveal that the total number of claims for overpaid tax on pension withdrawals has soared above half a million to 502,000 - resulting in a total of almost £1.5bn reclaimed since the introduction of Pension Freedoms in 2015.