IHTM36353 - Standard letters of
offer: specimen form of offer involving penalties only, payable by
instalments - England, Wales and Northern Ireland cases
Specimen form of offer involving penalties only, payable by
instalments - England, Wales and Northern Ireland cases.
To The Commissioners of HMRC
Liability to penalties for the year to
……….. under the provisions of the Inheritance Tax
Act 1984 has been incurred by us as Personal Representatives of
We the undersigned, (a) (Name) of (address), (b) (Name) of
(address) and (c) (Name) of (address) as Personal Representatives
of …………. deceased hereby offer in
consideration of no proceedings being taken against us in respect
of the said penalties to pay to the Commissioners of HMRC the sum
of £…….. ("the said sum") being
£…….. in respect of the said penalties, together
with £……….. in respect of the time granted.
If this offer is accepted by the Commissioners of HMRC so
that a binding agreement is constituted, we agree that it shall be
subject to the following terms.
- 3The said sum shall be payable by instalments as shown below.
- If at any time any of the said instalments or any part thereof
shall be in arrears and unpaid for the period of fourteen days
after the time appointed for payment thereof then the whole of the
outstanding balance of the said sum shall become immediately
payable by us to the Commissioners of HMRC together with interest
thereon at the rate applicable from time to time for the purposes
of Section 233 Inheritance Tax Act 1984 or any amendment or
re-enactment thereof, from the day when default shall be made in
payment of such instalment or part thereof. Any such interest shall
be paid without deduction of Income Tax.
- Notwithstanding the provisions of clause (2) above if the said
sum shall not be paid by us by instalments as set out below then
the Commissioners of HMRC shall be at liberty either to seek
recovery from us under the said Agreement of the said sum or so
much thereof as then remains unpaid, or to treat the Agreement as
repudiated by us in which case such proceedings may be brought
against us as may be necessary to recover the said penalties in