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HMRC internal manual

Inheritance Tax Manual

Standard letters of offer: specimen form of offer involving tax, interest and penalties

Specimen form of offer involving tax, interest and penalties

To The Commissioners of HMRC

In consideration of no proceedings being taken against me/us in respect of the duties setout in the statement below, which I/we acknowledge and agree to be unpaid by reason,wholly or in part, of my/our default, or in respect of the penalties and interest to whichI/we may thereby have become liable under the Inheritance Tax Act 1984,

I/we ((a))* (Name) of (address) and ((b) (Name) of (address))* Personal Representatives of…………….. deceased,

hereby offer in respect of the said duties, penalties and interest, the sum of£…….. (“the said sum”) (of which I/we have already paid£……… on account)*, to be paid within ….. days of the date of theletter notifying acceptance of this offer by you. If the said sum has not been paid by theday specified herein then interest shall be chargeable upon any unpaid balance of the saidsum at the rate applicable from time to time for the purposes of Section 233 of theInheritance Tax Act 1984 or any amendment or re-enactment thereof, from that day. Any suchinterest shall be paid without deduction of Income Tax.

| Date……………………….. Signed | (a) | )Personal
)of ……………
)deceased | || | | (b) |

Statement of duties unpaid

Year to Nature of Duty Amount  
    £ p

*The contents of the square brackets should be omitted where necessary