Form P1000 now available digitally
Dealing with a deceased person's tax affairs can be drawn out, partly due to the authorisation process. However, a recent change should help simplify things. What’s the full story?
When a client dies, HMRC will cancel the authority the advisor holds - required to act on the their behalf. This means that the advisor immediately loses access to all of their client’s online information. If the advisor is to continue acting, e.g. filing the tax return for the estate during the administration period, they have to reapply for authority to act for the personal representatives. This is generally done by submitting a form 64-8, but HMRC prefers the application to be made on form P1000, which contains information pertinent to the estate, e.g. the personal representatives’ details.
Using form P1000 secures authorisation up to the date of death as well as the administration period, and helps to avoid issues with repayments. The problem is that, until now, the form has had to be requested from HMRC, which inevitably means delays. The good news is that the form is now available online, which should help streamline things for the advisor and the personal representatives.
Related Topics
-
Capital gains tax break for job-related accommodation
You’re in the process of selling a property that you bought as your home but because of your job have never lived in. You’ve been told that you’ll have to pay tax on any gain you make, but might a special relief get you off the hook?
-
Should you revoke your 20-year-old option?
Your business has let out a building to a tenant and it is now just over 20 years since you opted to tax the property with HMRC. Should you revoke it so that your tenant no longer needs to pay VAT?
-
Chip shop owner fined £40k for hiring illegal worker
A Surrey fish and chip shop owner has been left in shock after being fined £40,000 for allegedly employing someone who didn’t have the right to work in the UK, even though he conducted a right to work check. Where did this employer go wrong and what can you learn from it?