Duncan Mitchell-Innes
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HMRC '£3,000 penalties' in inheritance tax crackdown
HMRC '£3,000 penalties' in inheritance tax crackdown Penalties can rise to £3,000 An HMRC inheritance tax crackdown has seen inheritance tax, or IHT, penalties surge by a third. Grieving families have been compelled to hand over £3m in fines to HMRC and the Labour Party government's tax arm. HMRC has slapped the executors of 5,200 estates with late-filing penalties totalling £3.1m in 2024-25, averaging £596 each, according to data obtained under Freedom of Information rules.