IHTM36022 - Late accounts: accounts subject to a penalty

The late delivery (IHTM36033) of the following accounts may result in a penalty under IHTA84/S245听

  • IHT 100a, 100b, 100b(death), 100c, 100d, 100e and 100h听

  • IHT400 (IHTM10021)听

  • accounts for recapture charges (IHTM10840) for heritage property and woodlands.听

The penalty provisions need to be considered for鈥�补濒濒鈥�late accounts, including those delivered by persons domiciled outside the United Kingdom听(IHTM13000)听or not a long-term UK resident听(IHTM47000).听
听

The legislation also applies to the late delivery of a corrective account (IHTM10011) (form C4). But you should not normally seek a penalty for the late delivery of the corrective account or Inventory under IHTA84/S245. You should instead consider a penalty for failing to correct听an error in an account (IHTM36106), IHTA84/S248 (1), if you discover that a corrective account or inventory was not submitted听promptly after the discovery of a defect in the original account.