Commentary

I11.701 Scope of charge

IHT, trusts and estates

I11.701 Scope of charge

Division I11.7     Penalties and anti-avoidance provisions

Revised by
MALCOLM GUNN CTA

For updates affecting this Division please see Part I0 Updates

Penalties

I11.701 Scope of charge

In order to ensure that all the relevant documents and information are available for a proper determination of an IHT liability, and to ensure that neither fraud nor negligence is allowed to benefit a taxpayer, penalties may be charged for non-compliance.

The current regime is explained below, but a uniform penalty regime for failure to make returns and to pay tax timeously in relation to most direct taxes, including inheritance tax, is detailed in FA 2009, Schs

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