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HMRC internal manual

Inheritance Tax Manual

Letters of offer: checklist

You should pay particular attention to the following points when checking the draft of theletter of offer.

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a) Does the letter make sense? Does it set out in clear and unambiguous words the terms which have been agreed, or which you expect to be agreed by letter or at a settlement interview? IHTM36334
b) Does it set out the consideration for the payment to be made by the taxpayer? IHTM36335
c) Does it set out all the duties (if any) taken into account in framing the offer? IHTM36336
d) Does it contain a reference to the taxpayer’s default? IHTM36337
e) Does it mention interest? IHTM36338
f) Does it mention penalties? IHTM36338
g) Does it set out the gross amount of the offer before any deductions? Does it show separately, and in precise terms any deductions? IHTM36339
h) Does it say precisely when payment is to be made? IHTM36340
i) Does it specifically exclude any duties not to be included in the settlement? IHTM36341
j) Is it suitably worded for signature by the person(s) intended to sign it? IHTM36342
k) Does it include the standard interest clause? IHTM36346