Periodic Charge Return
£550.00
A Periodic Charge Return is a form that must be filed with HM Revenue and Customs (HMRC) by trustees who are responsible for a trust that is subject to inheritance tax charges. Our service involves the preparation and submission of periodic charge return to HMRC on behalf of the trust. The periodic charge return is a tax return that must be submitted at regular intervals to report the income and gains of the trust, and to calculate any tax that is due.
| Quantity | Fixed price |
| 2 + | £280.00 |
Description
A Periodic Charge Return is a form that must be filed with HM Revenue and Customs (HMRC) by trustees who are responsible for a trust that is subject to inheritance tax charges.
The return is used to report any tax due on the chargeable lifetime transfers made by the trust, as well as any tax due on the value of the trust property above the available nil-rate band. The periodic charge is based on the value of the trust assets and the rate of inheritance tax at the time.
Trustees are required to file a Periodic Charge Return annually, and the deadline for filing is six months after the end of the trust’s accounting period. Failure to file the return on time may result in penalties and interest charges.
Our service in preparing and filing Periodic Charge Returns involves working closely with trustees to ensure that all necessary information is included in the return and that the return is filed on time.
