The National Audit Office said £2.5bn was raised in tax for the government’s coffers last year from 30,000 estates.
Rising house prices over the last few years are seen as the main reason why more estates are becoming liable for the tax.
Under current laws, an estate worth in excess of the £263,000 threshold is taxed at a 40% flat rate.
Because of the surge in house prices, the government has been lobbied to increase the tax threshold so that it catches up with house price inflation.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay