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Careless or deliberate errors

From the dates set out below, the FA 2007, Sch 24 penalty regime for careless or deliberate errors applies to inheritance tax as it applies to other direct taxes¹. The commencement dates are:

1. Ìý

   (a)ÌýÌýÌýÌý for documents produced under the excepted estates provisions of IHTA 1984, s 256, estates where the date of death was on or after 1 April 2009

2. Ìý

   (b)ÌýÌýÌýÌý for repayment claims, 1 April 2010

3. Ìý

   (c)ÌýÌýÌýÌý in any other case, where the inheritance tax liability arises on or after 1 April 2010

From the same commencement dates as set out above, the FA 2007, Sch 24 penalty regime also applies to errors in IHT documents which are attributable to another person². Where a document contains an inaccuracy which leads to an understatement of tax or inflated repayment claim, and the inaccuracy is attributable to the person concerned deliberately supplying false information or deliberately withholding information, the FA 2007, Sch 24 penalty regime will apply. See Division A4.5 for an analysis of