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HMRC internal manual

Inheritance Tax Manual

Assessing: offset repayments: introduction

You can apply money to be repaid at one calculation against tax and interest at another calculation by offsetting the repayment.

The procedure you follow will depend on whether the money that is being set off is used to pay outstanding tax and or interest:

  • Within the same entry (IHTM31682) - for example, a repayment at A(NIOP) to be set off at a balance due at A(IOP), or
  • At a different entry (IHTM31683) - for example, a repayment at A(NIOP) to be set off at a balance due at B(NIOP).