New data published by HMRC shows that IHT receipts for April to August 2022 were £2.9bn. This is £0.3bn higher than the previous year.
Julia Rosenbloom, tax partner at Evelyn Partners, commented: ‘This latest reported year-on-year rise for IHT receipts will be welcomed by the Treasury given it is under pressure to pay for Liz Truss’s pledges to reverse the recent national insurance increase and the scheduled corporation taxes increases, as well as fund the energy plan announced earlier this month.’
New data published by HMRC shows that IHT receipts for April to August 2022 were £2.9bn. This is £0.3bn higher than the previous year.
Julia Rosenbloom, tax partner at Evelyn Partners, commented: ‘This latest reported year-on-year rise for IHT receipts will be welcomed by the Treasury given it is under pressure to pay for Liz Truss’s pledges to reverse the recent national insurance increase and the scheduled corporation taxes increases, as well as fund the energy plan announced earlier this month.’
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