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HMRC internal manual

Inheritance Tax Manual

Yield: summary

Yield is the term used for any additional tax we collect as a direct result of the work we do.

As our investigations may result in decreases to the value of the estate we also record adjustments downwards as adjustments to yield.

It is important that we record and measure the amount of yield we collect and any adjustments to it. It is also important that we do this accurately. By analysing the data we collect on yield we can identify the areas where our enquiries have been most worthwhile.

Any interest we collect or repay on adjustments to yield is called interest yield. This also needs to be recorded accurately on the correct system.

The following section will explain what should be recorded as yield, depending on where you work in the office. It will explain how to record it and what methods to use.

It will explain what should be recorded as adjustments to interest yield and give some examples of this.