IHTM10751 - Corrective account (C4): when is a corrective inventory required (Scotland)?

In strictness a form C4 should be completed in all cases where there is an amendment to the account. But in most cases you can accept amendments that are notified in a letter or even in straightforward cases over the telephone. This applies even where the taxpayers make a voluntary disclosure of an omitted asset.

A form C4 is mainly required when

• taxpayers need to obtain an Eik to Confirmation (IHTM05092) following the discovery of assets that were not included for Confirmation. If Confirmation is required the C4 may be accompanied by form C4(S)
• a repayment is due and the taxpayers supporting evidence is slender so that the signatures of the accountable persons (IHTM10801) is thought desirable
• where there are numerous or complicated amendments, or
• when property given an estimated value in a reduced account (IHTM10471) is redirected to a chargeable beneficiary (IHTM10478).