IHTM31000 - Assessing: contents


Introduction
Assessing
Assessment principles
COMPASS
Manual assessment template
Assessment calculations
Repayments
Deposits
File 19
SAGE

Click here to return to topIntroduction

IHTM31001Introduction

Click here to return to topAssessing

IHTM31002extraction of data for statistical purposes

Click here to return to topAssessment principles

IHTM31011Entries
IHTM31012Assessment groups
IHTM31013Apportioning the tax charge
IHTM31014Form of the assessment
IHTM31015The tax calculation (death cases)
IHTM31016The tax calculation (settlement cases)
IHTM31017Interest
IHTM31018When to raise assessments
IHTM31019Withdrawing assessments
IHTM31020Examples as to when assessments should not be withdrawn
IHTM31021IHT4
IHTM31022Reminding for payment of assessments

Click here to return to topCOMPASS

IHTM31101Introduction
IHTM31102Setting-up a record

Viewing your records

IHTM31111The main window
IHTM31112Case index
IHTM31113Case Summary
IHTM31114File menu
IHTM31115Amend menu
IHTM31116Assessment menu
IHTM31117Options menu
IHTM31118Window and help menu

Making amendments

IHTM31131Selecting the material to amend
IHTM31132NIOP assets and liabilities
IHTM31133New IOP records
IHTM31134IOP assets and liabilities
IHTM31135Reliefs and exemptions
IHTM31136New Entries
IHTM31137Deleting an Entry or assessment group
IHTM31150Dealing with deficits
IHTM31155Interaction with ERS
IHTM31156How managers deal with referrals and ERS reviews

Assessing

IHTM31171Preparation

Assessing: Raising assessments

IHTM31181Initiation
IHTM31182The “Calculation of Inheritance Tax” window
IHTM31183NIOP assessment
IHTM31184IOP assessment
IHTM31185IOP (WIR) assessment
IHTM31186Amendments box
IHTM31187The effective date
IHTM31188Tax previously paid
IHTM31189Reliefs against tax
IHTM31190Money (including deposits)
IHTM31191Notes
IHTM31192Adjustments to interest
IHTM31193“OK” or “Cancel”
IHTM31194Assessing out of sequence
IHTM31195(This text has been withheld because of exemptions in the Freedom of Information Act 2000)
IHTM31210Issuing assessments
IHTM31211Marking assessments as paid
IHTM31212Unpaying assessments
IHTM31213Withdrawing assessments

Chargeable lifetime transfers

IHTM31231Introduction
IHTM31232Failed PETS
IHTM31233Additional charges
IHTM31234Immediately chargeable transfers
IHTM31235Creating a record for an immediately chargeable transfer

Settlement cases

IHTM31241Creating a record
IHTM31242Case structure
IHTM31243Entering values
IHTM31244Adding an Entry
IHTM31245Raising an assessment
IHTM31260File notes
IHTM31270Closing the record (case status)
IHTM31271Archived records
IHTM31280Keyboard conventions

Click here to return to topManual assessment template

IHTM31301Introduction
IHTM31302The forms
IHTM31303Assessment details
IHTM31304Calculating rates
IHTM31305Printing
IHTM31306Updating the accounting record

Click here to return to topAssessment calculations

IHTM31401Summary
IHTM31402Assessment layout

Assessment calculations - Death estate

IHTM31411The chargeable estate (chart)
IHTM31412Ascertaining the aggregate chargeable transfer
IHTM31413PLCT
IHTM31414Calculating the overall tax charge
IHTM31415Apportioning the tax charge between Entries and assessment groups
IHTM31416Revision to original tax charge
IHTM31417Reliefs against tax
IHTM31418IOP cases
IHTM31419Tax previously paid
IHTM31420Interest
IHTM31440Chargeable PETs and Additional Charges
IHTM31450Immediately chargeable transfers
IHTM31460Settlement charges

Recapture charges

IHTM31491When the charges arise
IHTM31492Calculating the tax on disposal of woodlands
IHTM31493Calculating the tax on cessation of Conditional Exemption
IHTM31494Next action
IHTM31500Deficit of an assessment group

Calculations the Interest charge

IHTM31511The interest calculator
IHTM31512Simple cases
IHTM31513Money on deposit
IHTM31514Transfer of deposit between files
IHTM31515IT and CGT repayments
IHTM31516Repayment supplement on IT and CGT repayments
IHTM31517IOP cases
IHTM31518Increase in total tax in IOP cases
IHTM31519Decrease in total tax in IOP cases

IOP(WIR) cases

IHTM31531General interest charge
IHTM31532Increase in total IOP(WIR) tax
IHTM31533Decrease in total IOP(WIR) tax
IHTM31534Sales
IHTM31540Additional interest
IHTM31550(This text has been withheld because of exemptions in the Freedom of Information Act 2000)
IHTM31560Deposits
IHTM31570Remissions and discharges

Click here to return to topRepayments

IHTM31601Introduction
IHTM31602Preparing a repayment (chart)
IHTM31603Authority to repay
IHTM31604Preparation of repayments

The assessment

IHTM31611Summary
IHTM31612Simple cases
IHTM31613Complicated cases
IHTM31614Adjusting for additional interest charges
IHTM31615IOP without interest relief
IHTM31616IOP(WIR)

Sect 6

IHTM31641Introduction
IHTM31642Heading
IHTM31643Amount payable
IHTM31644Application of the repayable money
IHTM31645Payee(s) and address for communications
IHTM31646Interest supplement details
IHTM31647Authorising the repayment
IHTM31648Check the form
IHTM31649Reverse of the form
IHTM31660Sect 83
IHTM31661Informing the taxpayer
IHTM31662Authorised payee
IHTM31663Repayments over £150,000
IHTM31664The embossing stamp
IHTM31665Interest supplement
IHTM31666Satisfaction of assessment by deposit and repayment of balance
IHTM31667IHT Direct Payment Scheme cases

Offset repayments

IHTM31681Introduction
IHTM31682Sect 6 procedure
IHTM31683Within-COMPASS procedures
IHTM31684Authorising within-COMPASS procedures
IHTM31685Sending assessments to the taxpayer
IHTM31686Non-payment of assessments
IHTM31700Additional action if the repayment is referred to you for authorisation

Cancelling a Payable Order

IHTM31711Why to cancel it and how
IHTM31712Cancellation and re-issue of Payable Order
IHTM31713Cancellation with no re-issue
IHTM31720Provisional repayments
IHTM31721Prosecution cases
IHTM31722Erroneous or excessive repayments

Click here to return to topDeposits

IHTM31751Introduction
IHTM31752Using the deposit
IHTM31753More than one assessment
IHTM31754Retention of deposits
IHTM31755Offer to place money on deposit by the taxpayer
IHTM31756Money attributed to the wrong file
IHTM31757Problems with deposits
IHTM31758File19

CTDs

IHTM31771Introduction
IHTM31772Receiving the CTD
IHTM31773Applying the CTD
IHTM31774Assessing NIOP cases
IHTM31775Estate Duty
IHTM31776Cancelled assessments
IHTM31777If the taxpayer has lost the CTD
IHTM31778File 19

Click here to return to topFile 19

IHTM31801Introduction
IHTM31802Recording assessments and payments
IHTM31803Cancelling assessments
IHTM31804CTDs
IHTM31805Repayments
IHTM31806Lifetime assessments
IHTM31807Remissions
IHTM31808Filing receipts
IHTM31809More than 26 assessments
IHTM31810Record of deposits (page 4)
IHTM31811Closing the file (summary page 1)
IHTM31812If the file 19 does not balance
IHTM31813Re-opening the file

Click here to return to topSAGE

IHTM31851Introduction
IHTM31852Forms

Dealing with calculations

IHTM31861Recording details
IHTM31862Inputting COMPASS information
IHTM31863Inputting template or manuscript assessment information
IHTM31864The adjustments box
IHTM31865Non-taxpaying cases now taxpaying
IHTM31866Matching payments received
IHTM31867Pre-grant payments and calculations
IHTM31868Deposits
IHTM31869Pre-day one
IHTM31870Unpaying calculations
IHTM31871Repayments

Dealing with transaction reports

IHTM31891What is a transaction report?
IHTM31892SAGE record in COMPASS
IHTM31893The full transaction printout
IHTM31894Closing cases
IHTM31895Balancing the record

Dealing with cheques

IHTM31901Dishonoured cheques
IHTM31902Invalid cheques
IHTM31903Foreign currency cheques
IHTM31904Post dated cheques
IHTM31905If you receive a cheque directly

Liaison with Accounts and Cashiers

IHTM31911Contact
IHTM31912Banking Operations Nottingham (Inheritance tax)

Transferring money

IHTM31921Transferring money between files
IHTM31922Transferring money to the Network and other HMRC offices
IHTM31930Remissions
IHTM31931Penalties
IHTM31932Quality recording
IHTM31933If the computer system fails

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