IHTM31851 - SAGE: introduction

SAGE is our accounting system. We are responsible for most of our own accounting records, except that

• Accounts Office Shipley deal with the issue of Payable Orders ( IHTM31601) to taxpayers and
• DMB Banking, Cumbernauld deal with encashment of CTDs ( IHTM31771).

The SAGE system records details of all calculations issued for tax, interest and penalties. SAGE also records all receipts, whether they are payments of calculations issued or monies placed on deposit. The system records transactions dealing with

• inheritance tax, capital transfer tax (CTT) and estate duty (ED)
• COMPASS ( IHTM31101), template ( IHTM31301) and manuscript calculations
• All charges raised, including those on lifetime transfers and non-interest in possession trusts
• Receipts from taxpayers

SAGE links (by matching) calculations issued with receipts from taxpayers. This information feeds into our Annual Accounts and various reports showing how effectively we are collecting the inheritance tax due. It is therefore important that the accounting record is up to date and is accurate.

It is your responsibility as the caseworker to maintain an accurate record of amounts assessed and collected on each case.