The taxman is on the trail of unpaid inheritance tax
- On January 12, 2023
- By GrowthInvest Marketing
Families paid out £326 million in inheritance tax (IHT) last year after HM Revenue & Customs stepped up a crackdown on underpayments.
Investigators in the special IHT unit raised 28 per cent more in the 2021-22 tax year than in the year before, according to the financial advice firm NFU Mutual, which put in a Freedom of Information request to the tax office. The total paid in inheritance tax in 2021-22 was £6.1 billion, up £729 million from £5.4 billion the year before.
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