If assessments have been issued and the amount of tax has not
changed, the assessments should not be withdrawn.
Examples of common circumstances and alternative course of
action are as follows:
| Circumstances | Alternative course of action |
| Calculation issued – payment received | Do not withdraw
calculation to re- issue and show monies received. If unmatched
send Cas 15 (
IHTM31852) to Cashiers.
|
| Calculation issued – shortfall in receipt | Phone/issue letter to
remind/establish when the shortfall will be paid (
IHTM38023).
|
| Calculation issued – excess money received | Mark calculation as paid
– the balance will be shown as a deposit on SAGE
|
| Calculation issued – further interest due | Calculate additional
interest due (
IHTM31540) and advise parties. Upon
receipt of monies, pay original Calculation and issue a
calculation, using the ‘Adjustments box’ (
IHTM31864) and deposit box to collect
further interest.
|
| Calculation issued for
further interest and Customer requests update
| As above |
| Repayment Calculations | Do not withdraw a
repayment calculation {including part repayment, part set off
repayments} unless the Sect 6A cancellation form has been processed
by Shipley or the file retrieved, with the Warrant from Repayments
prior to despatch of the Sect 6 to Shipley (
IHTM31711).
If a repayment calculation being set off is withdrawn the calculation receiving the money must be withdrawn.
|
| Instalment Option
Property [IOP]:
| |
| 1/10 issued but all monies paid | If the property is to remain as IOP pay the 1/10 and issue a further calculation for 9/10, using the excess money received as a deposit. |
If you are in any doubt or wish to discuss any particular case or circumstance further, please contact the Banking Operations Nottingham (Inheritance tax) ( IHTM31912).
