Liability and payment of tax: introduction
This section of the Manual deals with the payment of, and who is liable to pay, Inheritance Tax. It tells you about
- Who is responsible for paying the tax
- When the tax is due
- What tax is payable when taking out the Grant
- When tax is payable by instalments in various situations
- The interest charge.
It goes on to detail in what circumstances we can, at a later date, collect further tax and when we may not be able to collect, or have to remit, tax and interest.