IHTM31210 - Assessing: issuing assessments

Once you have raised ( IHTM31181) all your assessments on the death estate or lifetime transfer, the Issue/Withdraw assessments window will appear, showing a table of the assessments raised during that session – their status is shown as “raised”.

If you want to keep an assessment, highlight it and click on the Issue button.

Withdraw any unwanted assessments by clicking the Withdraw button – COMPASS will not save the assessment or print it.

Already issued assessments

If there is an earlier issued assessment for an assessment group which has not been paid, COMPASS will inform you that the previous assessment will be withdrawn automatically if the assessment you are now raising is issued. Click on OK to confirm that the earlier assessment should be withdrawn.

If you wish to cancel all the assessments you raised in the session, click on the Cancel button at the foot of the screen.

Otherwise click on the OK button.

Printing

COMPASS will ask you whether you want to print the assessments you have just issued. Click on OK to confirm. Indicate the number of prints of the assessment page (page1) and form IHT4 (page 2) you require. You will normally need

• 1 copy of page 1 (for the taxpayer)

and

• 1 copy of page 2 (for the taxpayer).

COMPASS will then ask you whether you want to save the assessments you have just issued. Click on OK to confirm.

Manual calculations

You must continue to retain copies on your file ( IHTM31305).

The same applies for grossing and interaction calculations.

Non-death cases (settlements)

You must retain paper copies in your file of

the rate chargeable (IHT305A or IHT306A) and

the calculation going to the taxpayer.

This applies to both COMPASS and manual calculations.

IHT payslips

For each calculation you issue, you should take an IHT payslip (PS1) and

Write the IHT reference number, including check character and entry letter in the “Ref box”, for example ‘F100000/06A – A’, and

• Staple the payslip (by its counterfoil) to the IHT calculation and IHT4.

Please take care to ensure the correct IHT reference number is noted on the payslip.

In Nottingham you should place the papers in the post-out tray marked “Post-Out – CALCULATIONS ONLY”. This tray must also be used for calculations sent under cover of a letter.

In Belfast and Edinburgh you should enclose a reply envelope with the calculation, and envelope your outgoing calculations using the oversized window envelope provided for this purpose.