Latest HMRC reports show that IHT receipts for April 2022 to June 2022 are £1.8 billion, which is £0.3 billion higher than in the same period a year earlier.

The latest IHT figures show receipts continue to trend higher than in previous years, hitting £726 million in June 2022 as it reached monthly highs for IHT receipts, with the ONS acknowledging a small number of higher-value payments than usual.

Receipts for the first quarter of the financial year hit £1.8 billion – also reaching fresh highs for IHT receipts. In comparison to recent opening quarters of the financial year, receipts were an extra £0.3 billion relative to the same quarter last year and an extra £0.7 billion compared to Q1 2020.

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