Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes — Benjamin Franklin, in a letter to Jean-Baptiste Le Roy, 1789
10th August 2020
Step 1: Use Government’s Tell Us Once (TUO) Service:
Via this service you inform a number of government organisations including HMRC about the death. Please note you will need a lot of information before you use this service. So check there website before calling – click here.
Step 2: Ascertain whether there was a Will?
Tax affairs of the deceased are handled by the Personal Representatives (PR).In case a Will is present, PRs are called Executors. In its absence they are called Administrators.
Step 3: Use HMRC Bereavement guide.
Step 4: Do PRs need to apply for Probate?
See basic guide here. Probate is not required all cases
Step 5: HMRC will send a tax return within 3 months with instructions. Submission back by post. No action needs to be taken unless the tax return arrives with instructions.
18th September 2020
Two Tax returns received from HMRC:
|Tax year 2019-20||File in 90 days|
|Period 6th April 2020 till the date of death.||File by 31st Oct 2021|
Please note these tax returns do not have tax computation sections, HMRC will compute the tax payable and send the bill.
19th January 2021
Please note allowances like Married Couple’s allowance, Marriage Allowance and Blind Person’s Allowance can be transferred from the person who died to the surviving partner in the year of death. Source : Tax Adviser Magazine
Tax Adviser Magazine is a excellent source of information for Tax professional completely free.