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HMRC internal manual

Inheritance Tax Manual

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HM Revenue & Customs
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Standard letters of offer: specimen form of offer involving penalties only, payable by instalments - Scottish cases

Specimen form of offer involving penalties only, payable by instalments - Scottish cases

To The Commissioners of HMRC

Whereas

Liability to penalties for the year to ……….. under the provisions of theInheritance Tax Act 1984 has been incurred by us as Personal Representatives of………………… deceased,

Now

We the undersigned, (a) (Name) of (address), (b) (Name) of (address) and (c) (Name) of(address) as Personal Representatives of …………. deceased hereby offerin consideration of no proceedings being taken against us in respect of the said penaltiesand of our being allowed to make payments by instalments to pay to the Commissioners ofHMRC the sum of £…….. (“the said sum”) being £…….. inrespect of the said penalties, together with £……….. in respect of the timegranted which is to be paid by instalments as follows.

If at any time any of the said instalments or any part thereof shall be in arrears andunpaid for the period of fourteen days after the time appointed for payment thereof thenthe whole of the outstanding balance of the said sum shall become payable by me to theCommissioners of HMRC together with interest thereon at the rate applicable from time totime for the purposes of Section 233 Inheritance Tax Act 1984 or any amendment or re-enactment thereof, from the day when default shall be made in payment of such instalmentor part thereof. Any such interest shall be paid without deduction of Income Tax.

The acceptance of this offer shall not effect novation in respect of any of the sumsassessed and if required by the Commissioners of HMRC the terms of this offer shall beembodied in a bond which will be executed by me within thirty days of the date of theletter requiring me to do so and which bond may be registered for preservation andexecution. In the event of my failing to execute a bond acceptable to the Commissionerswithin the said period the whole of the balance then outstanding of the said sum togetherwith interest thereon from the date of my so failing, at the rate applicable from time totime for the purposes of Section 233 Inheritance Tax Act 1984 or any amendment or re-enactment thereof, shall immediately become payable by me to the Commissioners of HMRC whomay proceed immediately to recover the said whole balance outstanding with interestaforesaid. Any such interest shall be paid without deduction of Income Tax.

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