In order to collect tax and interest due to HMRC:IHT, and to account for the payments made to us, we formulate calculations of the appropriate liabilities by way of assessments. As accounting checks,
and, on an individual case scale,
As the case owner you are responsible for the issue of
assessments and maintenance of the accounting records
Unless supported by a NOD ( IHTM37001) or issue of a clearance certificate ( IHTM40010), the assessments that you raise are simply informal calculations of tax and interest. If the taxpayer disagrees with the calculation, you must review the figures and resolve the discrepancy with them by correspondence or telephone.
This section of the manual is broken down to provide
The section then goes on to provide greater detail on deposits (
IHTM31751) and your accounting
The guidance relates to death, lifetime and settlement assessments.