Office of Tax Simplification urges creation of digitised IHT system
Unadvised can spend 50 hours on IHT admin
The Office of Tax Simplification (OTS) has urged the government to create a digital IHT system, which it said would make the whole process simpler and smoother.
In January 2018, chancellor of the Exchequer Philip Hammond asked the OTS to carry out a review of inheritance tax (IHT) to make recommendations on simplification and to make the experience of those who...
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Total IHT receipts reach £5.4bn in 2018/19
3% increase on previous tax year
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