The main role of TSB is to undertake the correction of
incorrect IHT returns. This work is known as ‘Account
Amendment Work’ and is defined at
IHTM29013 by reference to what is not
enquiry work. Account amendment work is undertaken on Lifetime,
Settlement and Death accounts.
Where the account amendment is the only work needed on an
account it is sent to TSB to deal with. The aim is to support
taxpayers who have tried to submit and complete an accurate IHT
account. The focus is on advising the taxpayer of the revised
correct liability as quickly as possible, and collecting or
repaying any outstanding tax and interest. It is more cost
effective to encourage and enable taxpayers to provide complete and
accurate accounts than it is to seek to challenge accounts through
our compliance activity.
In the long term the aim is to reduce the number of accounts
requiring amendment through the provision of clear and helpful
guidance that enables taxpayers to fully comply with their
obligations on time.
