HMRC cites RNRB impact for fall in IHT receipts
1 August 2020
Inheritance tax receipts fell for the first time in a decade, reversing a trend of consistent growth, according to official figures from HM Revenue & Customs. In the 2019/20 tax year, IHT receipts fell 4% year-on-year to £223 million, with fewer than 4 in 100 UK deaths resulting in an IHT charge. In total,...