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

HMRC internal manual

Inheritance Tax Manual

Remissions: introduction

We are required to keep records of:

  • remissions (IHTM30502) of interest on tax
  • non-statutory remissions and irrecoverable assessments (IHTM30502)
  • cases compromised (IHTM30531) upon a point of law
  • losses due to departmental error (IHTM30541)
  • erroneous or excessive repayments of tax (IHTM30551).

Records are also kept of cases where the value of a holding of quoted stocks and shares (IHTM18061) has been reduced because of the size of the entire holding - those are dealt with by Shares Assets and Valuation (SAV).