Andrew Goldstone and Sarah Albury (Mishcon de Reya) review recent tax developments affecting private clients.
Unsigned IHT100 and IHT400 forms
HMRC has announced that it will accept unsigned IHT100 and IHT400 forms until further notice. The ability to file unsigned returns applies to unrepresented trustees or personal representatives (PRs) as well as professional agents. In all cases unsigned returns will be accepted if:
the names and personal details of all the trustees or PRs are shown on the declaration page;
the account has been seen by all the trustees or PRs and they all agree to be bound by the declaration; and
a statement in prescribed from is included.
Why it matters
This will make it easier for trustees and PRs (and their agents) to comply with their tax filing obligations during the Covid-19 crisis. Whether it is a precursor to a permanent move to online...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Andrew Goldstone and Sarah Albury (Mishcon de Reya) review recent tax developments affecting private clients.
Unsigned IHT100 and IHT400 forms
HMRC has announced that it will accept unsigned IHT100 and IHT400 forms until further notice. The ability to file unsigned returns applies to unrepresented trustees or personal representatives (PRs) as well as professional agents. In all cases unsigned returns will be accepted if:
the names and personal details of all the trustees or PRs are shown on the declaration page;
the account has been seen by all the trustees or PRs and they all agree to be bound by the declaration; and
a statement in prescribed from is included.
Why it matters
This will make it easier for trustees and PRs (and their agents) to comply with their tax filing obligations during the Covid-19 crisis. Whether it is a precursor to a permanent move to online...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
