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UK residents paid out a record amount of inheritance tax in July after the number of coronavirus deaths soared. According to new figures published by the Office for National Statistics (ONS), receipts from the 40% death duty hit £571 million in last month, marking the most ever paid in a singl

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Michael Richards, an environmental scientist who participated in Britain’s biggest-ever tax fraud, has had ten years added to his jail sentence for failing to pay back £11 million. Mr Ricahards operated the investment scheme which was used by comedians, sports stars and relatives of poli

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The average inheritance tax (IHT) bill in Scotland has climbed 8.5% towards £200,000 according to the latest figures released by HMRC. For the year 2018-19, the average inheritance tax bill in the UK was £209,502. In London, the bill stood at £271,820, while in Wales it was £

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