SALF801 - Other Issues: Assessments, Employees, Trustees, Personal Representatives and Beneficiaries of Estates: Outline

SALF802 Construction and use of the term ‘assessment’

Use of the term ‘assessment’ in the Taxes Acts covers both self assessments and HMRC assessments

Language used in TMA 1970

SALF803 Time limits

SALF804 Self Assessment for employees: PAYE

Self Assessment only applies to those employees who get tax returns

Who will get tax returns

Information required in the tax returns

Employers’ obligations

PAYE regulations

Section 15

Section 15(5)(b) and (9)(b)

Section 15(9)(a) and 10(a)

Section15(10)

SALF805 Self Assessment for trustees

Self Assessment procedures apply

Section 8A

Settlements with more than one liable trustee

Under Self Assessment any ‘relevant trustee’ may act on behalf of the trustees

Section 107(1)

HMRC may take recovery action against any ‘relevant trustee’

Section 107A(2) and (4)

Section 107A(3)

Definition of ‘the relevant trustees’

Section 7(9) and 118

SALF806 Self Assessment for personal representatives and the beneficiaries of estates

Self assessment for personal representatives

Self assessment procedures apply

TMA 1970 (Section 8A and ICTA 1988/Section 700(4)

Self assessment for beneficiaries

Self assessment procedures apply

ICTA 1988/Sections 695 and 696

Self assessment for residuary beneficiaries

Limited interests

ICTA 1988/Section 695

Absolute interests

ICTA 1988/Sections 696 and 697

Successive interests in residue

ICTA 1988/Section 698

Statement by personal representative

ICTA 1988/Sections 700(5) and (6)