Do HMRC's changes mean you'll have to pay inheritance tax before you die?
Much has been made in the press recently of HMRC's consultation on changes to how it polices tax avoidance. The consultation proposes fundamental reforms to HMRC processes, including the controversial 'accelerated payment' scheme which, if implemented, will result in tax being paid to HMRC where tax avoidance schemes and arrangements have been brought to its attention even before a court or tax tribunal has determined that there is tax to pay. The tax will be repaid in due course... if actions are deemed to be legitimate.
To read Lydia Essa's views in full go to Spear's Wealth Management Magazine.
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