HMRC announces changes to IHT reporting requirements

Published on: 29 October 2021

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Specialist Tax Regulatory Materials

Article summary

HMRC have published a policy paper and a technical note concerning the changes to Inheritance Tax (IHT) reporting requirements. The changes involve a widening of the circumstances when a full IHT account need not be delivered to HMRC where a deceased was domiciled in the UK. This reduces the information that those administering the estates are required to report. HMRC further clarified the reporting requirements for estates where the deceased was never domiciled in the UK, and aligned the period in which HMRC may make enquiries into estates where accounts are not required. The new measure will have effect and apply to deaths on and after 1 January 2022.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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