Legal Knowledge Scotland » executries

Update on HMRC’s changes to its ‘bereavement service’

James Aitken — Tue, 14 Oct 2014 08:09:09 +0000

This includes:

“On 13 October, HMRC will remove form R27 (‘Reclaiming tax or paying tax when someone dies’):

for PAYE customers – with an automated process that is simple for customers and more efficient for HMRC
for Self Assessment customers – with a tailored service, which includes letters that match the individual’s circumstances”

Latest HMRC Trusts and Estates newsletter

James Aitken — Fri, 23 Aug 2013 09:02:56 +0000

The latest HMRC Trusts & Estates newsletter can be found here.

New Inheritance Tax forms for Scottish Executries

James Aitken — Mon, 19 Aug 2013 19:07:56 +0000

“HMRC has published updated forms and guidance notes:

C1 – Confirmation Inventory
C2 – Inventory continued
C5(2006) – Return of estate information
C5(OUK)(2006) – Return of estate information(Person domiciled abroad & their UK assets consisted of cash/and or quoted stocks & shares only, gross value less than £150,000)
C5(SE)(2006) – Information about small estates
C3(2006) – Notes to help you fill in form C1 Confirmation Inventory and form C5(2006) HM Revenue & Customs return
Integrated Inventory – contains form C1 confirmation and form C2 continuation

Forms C5(OUK)(2006) and C5(SE)(2006) are now online only forms.”

HMRC challenged more than 10,000 estate valuations last year

James Aitken — Tue, 18 Sep 2012 07:10:29 +0000

Last year HMRC queried more than 10,000 estate valuations, according to figures obtained by UHY Hacker Young. The average challenge netted extra tax of £27,000.

More on this from IFA Online can be found here.