I5.1031 Self-assessment for trustees

IHT, trusts and estates

I5.1031 Self-assessment for trustees

I5.1031 Self-assessment for trustees

Trust self-assessment tax returns

A return by a trustee1 (see I5.1030) must include an assessment (a self-assessment) of the liability of the trustees to income tax and capital gains tax based on the information in the return2.

If the trustees file online, the software used to complete the return performs an automatic calculation of the trust's tax liability.

If they submit a paper return by 31 October following the end of the tax year (or, if later, within two months of the issue of the notice to make the return), HMRC will calculate the trustees' liability of their behalf3.

If a return is not delivered by the filing date HMRC may make a determination of the amount of tax which, to the best of his information and belief, should be charged on the relevant trustees4.

The subsequent procedures as regards amendment of a self-assessment, enquiries by an HMRC officer into

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