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Can I pay my estimation of tax on administration period before I get formal bill from HMRC?
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Gudrun
Posts: 27 Forumite

Hello, I'd be very grateful for your thoughts. I'm an executor for my mother's estate. The admin period finished in Jan 2023 and I wrote to HMRC in Feb 2023 detailing interest earned on the estate during that time, and suggested the figure payable as income tax on it (20% of interest). To date I've heard nothing, and my attempts to contact HMRC have been unsuccessful (online robot helper useless, phone call cut off). Should I just send what I think is owed - or must I wait for their tax bill? Thank you for any help you can give.
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Sorry - I'll repost this in the section on funerals etc.
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You could just pay it, 20% on the whole of the taxable interest looks correct to me.
But as you presumably don't have a reference to pay it against you may cause yourself additional hassle?
https://www.litrg.org.uk/tax-guides/bereavement/how-does-personal-representative-deal-income-and-capital-gains-arising-after#toc-what-tax-is-payable-on-the-income-arising-during-the-period-of-administration-1 -
Thank you Dazed, you are probably right tht not having a reference might confuse things.
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