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      Stages of tax grief: Is it time for bankers to bargain?

      City banks could be in for a tax raid come the Autumn Budget.

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tax exemptions

  • Inheritance tax enquiries surge to six-year high after HMRC clampdown

    Economics

    Tax authority probes into households’ inheritance tax returns have surged to a six-year high, after a government-led crackdown on avoidance and non-compliance. HMRC opened a total of 4,940 formal inheritance tax enquiries over the last financial year, according to new data obtained by chartered accountants Price Bailey, an 18 per cent increase on the previous [...]

    Breaking news concept with a digital globe, highlighting global connectivity and information flow in a business context
  • HMRC rejects nearly half of digital tax exemptions

    Tax

    HMRC has rejected almost half of applications from taxpayers seeking exemption from Making Tax Digital (MTD) for Income Tax. Figures obtained via a Freedom of Information (FoI) request by Saffery show that as of February 2026 more than 1,600 people had applied for exemption on the grounds of “digital exclusion”. Of those, 855 applications were [...]

    HMRC overcharged pensioners thousands

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