HM Revenue & Customs (HMRC) investigative arm, the Special Compliance Office (SCO) has launched an i...
HM Revenue & Customs (HMRC) investigative arm, the Special Compliance Office (SCO) has launched an initiative to cross-check inheritance tax returns with income tax returns made during the deceased's lifetime to ensure they are consistent. Where it appears they may have underpaid tax during their lifetime an investigation will be undertaken before the estate is settled and any funds are finally distributed.
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes