Commentary

I11.702 Breach of statutory obligations

IHT, trusts and estates

I11.702 Breach of statutory obligations

I11.702 Breach of statutory obligations

Failure to deliver returns

Where a person liable to deliver an account1 fails to do so within the prescribed period he is liable to a penalty of £1002. If no proceedings for declaration of the failure are commenced within six months of the date by which the account should have been delivered, and the accountable person has not delivered the account by the end of that six-month period, there is a further liability to a penalty of £1003. These penalties are restricted, in total, to the amount of the taxpayer's IHT liability (the burden being on the taxpayer to prove the amount of the liability)4. There is a further penalty not exceeding £60 for

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