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What is Inheritance Tax?

What Is Inheritance Tax?

Inheritance Tax (IHT) is a tax on the transfer of assets from one person to another.  It is usually encountered when someone dies, and they leave their Estate to either one individual or a range of beneficiaries.  However, lifetime gifts also have IHT consequences.  The rate of IHT is generally 40%.

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Tough New Tactics from HMRC in 2019

Tough New Tactics from HRMC

Attachment of Earnings Order – new agressive tool

Getting people to pay HMRC the money they owe has always proved to be tricky.  In 2016 it spent £24m on private sector debt collectors but in 2017 the figure soared to £39m.   HMRC now has a new, more aggressive tool at its disposal, known as an Attachment of Earnings Order.  These are being used alongside the feared Accelerated Payment Notices (APNs).

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