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IHTM36268 | Settling the penalty: administrative procedures

From HM Revenue & Customs · Inheritance Tax Manual

When you have issued the letter of acceptance () you will need to

  • BU (IHTM32031) the file for the time when payment (of the whole or first instalment) of the penalty is due

  • follow the procedures () for bringing the penalty to account

  • cross through any note on the front of the file relating to penalty time limits ()

  • consider issuing a letter () explaining how problems might be avoided in the future.

When the penalty is paid, you will need to close the penalty record on COMPASS ()