Specimen form of offer involving tax, interest and penalties
To The Commissioners of HMRC
In consideration of no proceedings being taken against me/us
in respect of the duties set out in the statement below, which I/we
acknowledge and agree to be unpaid by reason, wholly or in part, of
my/our default, or in respect of the penalties and interest to
which I/we may thereby have become liable under the Inheritance Tax
Act 1984,
I/we ((a))* (Name) of (address) and ((b) (Name) of
(address))* Personal Representatives of
…………….. deceased,
hereby offer in respect of the said duties, penalties and
interest, the sum of £…….. ("the said sum") (of
which I/we have already paid £……… on
account)*, to be paid within ….. days of the date of the
letter notifying acceptance of this offer by you. If the said sum
has not been paid by the day specified herein then interest shall
be chargeable upon any unpaid balance of the said sum at the rate
applicable from time to time for the purposes of Section 233 of the
Inheritance Tax Act 1984 or any amendment or re-enactment thereof,
from that day. Any such interest shall be paid without deduction of
Income Tax.
| Date……………………….. Signed | (a) | )Personal
)Representatives )of …………… )deceased |
| (b) |
Statement of duties unpaid
| Year to | Nature of Duty | Amount | |
| £ | p | ||
*The contents of the square brackets should be omitted where necessary
