IHTM31183 - Raising assessments: NIOP assessment

The layout of the NIOP ( IHTM31012) screen is broadly in the format of the finished assessment, with

• details of the estate and Entry ( IHTM31011) at the top,
• amendments to the left, and
• the calculation and apportionment of tax and interest figures to the right.

In the Entry box at the top of the window, the assessment number is displayed. This contains the Entry, assessment group and consecutive number of the assessment.

There are a number of boxes in which you can change or add information.

• The effective date ( IHTM31187)
• Tax previously paid ( IHTM31188)
• Reliefs against tax ( IHTM31189)
• Money ( IHTM31190) (including deposits)
• Notes ( IHTM31191)
• Adjustments ( IHTM31192) to interest

Interest

COMPASS calculates the interest due from

• the start date – by reference to the date of death or transfer

until

• the end date – the Effective Date of the assessment

on

• the amount of tax payable on the assessment.

Where you apply a deposit ( IHTM31560), the end date for interest on that part of the tax covered by the deposit is the effective date of payment of the deposit.

To view details of the interest computation, click on the Interest button. This will bring up the Interest Charges window. The calculation and total in the boxes will be printed as part of the finished assessment. Click the OK button to return to the assessment screen.

If the interest charge is not correct, you can include any adjustments in the Adjustment ( IHTM31192) box to achieve the correct overall result. You must then explain why you have done this in the Notes box.