Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
, see all updates

Certificates of tax deposit - introduction

Certificates of Tax Deposit (CTD) are deposits made to meet present or future tax liabilities. The deposits may be made by individuals, personal representatives, trustees, companies, partnerships and other bodies liable for tax. They can be used to pay Inheritance Tax and certain other taxes, including income tax (except PAYE). Alternatively, the deposit can be cashed and the proceeds repaid.

The deposits carry interest for a maximum of six years. The rates of interest change from time to time but are higher if the certificates are used to pay tax than if they are surrendered for cash.

Guidance on how this scheme works (HMRC website), including details of the rates of interest is available at