Blick Rothenberg, which alongside its accounting and tax services has a pensions planning and advisory arm, has warned a Labour government would lead to “dramatic changes” in taxation.

Experts have backed the notion that Chancellor Sajid Javid could scrap Inheritance Tax.

Advisers need to urge clients to check if any Trusts they hold are registered or risk an unknown fine.

New HMRC figures have revealed UK citizens paid £5.4 billion in Inheritance Tax in 2018/19, a 3% increase on the previous tax year.