HM Revenue & Customs has announced updated advisory fuel rates for company cars, effective from 1 December 2024. The revised rates reflect changes in fuel prices for petrol, diesel, and liquefied petroleum gas (LPG), as well as electricity costs for fully electric vehicles. Notably, the advisory electric rate for fully electric cars will decrease to 7 pence per mile. These rates are used to calculate reimbursements for business travel in company cars and to determine the amount employees should repay for private travel. The update maintains the existing engine size categories for conventional fuel types, with rates adjusted based on current fuel prices and vehicle efficiency data. Employers may continue to use the previous rates for up to one month from the date the new rates apply.

HMRC has released a new version of the IHT100f form, which is used to notify HMRC about events affecting property that holds an exemption from inheritance tax or estate duty. The amendments to the updated version include: the declaration on page six only requires the trustee's signature followed by a signature block designated exclusively to that of the trustee and lastly, the return address as well as contact details listed on page seven have been changed.

HMRC has published an updated form IHT400 which is used to apply for probate (England and Wales) or confirmation (Scotland) where there is inheritance tax to pay, or if the deceased's estate does not qualify as an 'excepted estate'. A new section is added at page 15 explaining that once the IHT400 return is processed, HMRC will send an acknowledgement letter including a code that will be needed when applying for probate or confirmation. This can be sent via email, but HMRC warns of the risks. Question 48 has also been amended to ask if the applicant has all the schedules they need. This replaces the previous space where the applicant would tick the schedules they had referenced elsewhere that are to be appended to the IHT400.

HMRC has updated form IHT402 which is used when transferring unused nil rate band to the deceased’s estate from the previously deceased spouse or civil partner. The 'Pensions' box has been removed as it is no longer required.

HMRC has updated form IHT409 which is used with form IHT400 if the deceased received or had made arrangements to receive a pension other than the State Pension. References to ‘lump sum’ have been replaced with ‘death benefit’ throughout the form and questions 25 to 42 relating to alternatively secured pension funds and a dependant’s pension fund have been removed.

HMRC has updated form IHT411 which is used with form IHT400 to give details of shares or stock the deceased owned. It now includes a link in the section 'When to use this form' for information about listed shares and securities HMRC does not recognise. 'Personal Equity Plans' has been removed from the 'Listed stocks, shares, and investments that did not give the deceased control of the company' section, and information about 'foreign shares' has been updated to include 'other UK exchanges'. The IHT400 2022 notes have also been updated with references to lump sums changed to death benefits to reflect legislative changes.

HMRC has published a revised form IHT422 on applying for an inheritance tax reference number. This reflects changes to note that HMRC no longer issues payslips and that cheques should be sent separately from any forms or letters sent to HMRC.

HMRC has published an updated form IHT435 which is used to claim the residence nil rate band. References to the boxes in other forms have been updated in question two where the total value of the estate before deducting any reliefs or exemptions must be provided. HMRC has also updated information on being selected for a compliance check in its guidance on the IHT100 suite of forms.

HMRC has updated form R185 (Settlor): statement of trust income chargeable on settlor, to reflect the low income reform for trusts and estates dispositions.

HMRC has published new versions of forms IHT100b (ending of a qualifying interest in possession), IHT100h (assets ceasing to be held in an age 18 to 25 trust) and IHT100e (charges on special trusts).

HM Revenue & Customs (HMRC) has updated forms IHT205 and IHT217 to reflect changes to the excepted estates rules with effect from 1 January 2022. Forms IHT205 and IHT217 are no longer required to be submitted to HMRC for excepted estates where the deceased died on or after 1 January 2022. The required inheritance tax information can now be submitted to HM Courts & Tribunals Service (HMCTS) Probate by completing updated forms PA1P or PA1A or online via MyHMCTS. For deaths before 1 January 2022, forms IHT205 and IHT217 (as updated) should still be completed and submitted to HMRC for qualifying excepted estates. Form IH207, whilst still required for excepted estates where the deceased died domiciled outside the UK, has also been updated to clarify the residency requirements for foreign domiciliaries’ excepted estates with effect from 1 January 2022. The following forms for Scottish estates were also updated by HMRC: form C5 (SE) (2006), form C5 (2006), forms C1 and C2 and form C4(S).

HMRC has updated the various guidance documents for pension scheme administrators listed below, largely relating to the abolition of the pensions lifetime allowance on 6 April 2024.