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HMRC internal manual

Inheritance Tax Manual

Assessing: repayments: repayments over £150,000

Where a repayment is more than £150,000, the accounts office are reluctant to issue a payable order for security reasons and normally transfer the money electronically by CHAPS (IHTM30182).

To do this they need additional information from the payee. You must obtain a letter that is signed by the LPRs, or on headed paper from the agent acting, stating:

  • the name of the bank
  • the sort code
  • the account number
  • the name in which the account is held.

You should note that the accounts office cannot make repayments electronically to accounts outside the UK.

You should attach the letter to the front of your file with the Sect 6 (IHTM31641).

We cannot insist that repayments are made electronically. If the taxpayer does not want the payment to be made in this way You should note the Sect 83 ‘Not suitable for CHAPS’ to show you have considered the matter. The Repayment Security Team will inform the accounts office