HMRC Confirms Major Crackdown as 5,200 Households Face Up to £3,000 Fines Monday, June 8, 2026 hmrc inheritance tax penalties fines estates executors compliance digitalisation legislation HM Revenue & Customs (HMRC) has intensified its enforcement of inheritance tax (IHT), resulting in a 33% increase in penalties. In the 2024-25 period alone, 5,200 estates’ executors have been fined a total of £3.1 million … Read More
HMRC Pension Rule Changes Could Raise Inheritance Tax Bills by £34,000 Monday, May 25, 2026 inheritance pensions taxation estate hmrc planning benefits legislation finance executors Major changes to inheritance tax (IHT) rules coming into effect in April 2027 could push family IHT bills up by an average of £34,000. Under the new legislation, most unused pension funds and certain pension death benefits … Read More
NS&I Confirms Repayment Plans for Bereaved Customers Ahead of June 2027 Deadline Friday, May 22, 2026 ns&i betrayal repayments bereavement compensation inheritance tax delays claims finance National Savings and Investments (NS&I) has provided a crucial update regarding compensation payments for families impacted by the bereavement scandal. Customers awaiting repayments may have to wait until as late as June … Read More
HMRC inheritance tax gifting allowance slashed by 78% in real terms Sunday, May 17, 2026 inheritance tax gifting allowance inflation hmrc estate families law compliance The annual £3,000 allowance enabling individuals to gift money free of inheritance tax has effectively plummeted in value by 78% since its introduction in 1981, a private wealth law firm has warned. TWM Solicitors, a … Read More
HMRC to Crack Down on Major Tax Loophole Affecting UK Households Tuesday, May 12, 2026 hmrc tax inheritance capitalgains iht cgt taxation loopholes regulation compliance HM Revenue & Customs (HMRC) is launching a significant crackdown on a widely used tax loophole among UK households, targeting high-net-worth individuals who benefit from inheritance tax (IHT) and capital gains tax (CGT) … Read More
HMRC Targets UK Families Over Misinterpreted Gifts, Resulting in £61 Million Inheritance Tax Bills Monday, April 20, 2026 hmrc inheritance tax uk finance gifts connect taxrules estates planning HMRC is turning a spotlight on UK families as certain gifts to loved ones unintentionally trigger substantial inheritance tax bills. In the 2023-24 tax year alone, approximately 220 gifts valued at £61 million breached HMRC’s … Read More