Taxes Management Act 1970 section 28I

Simple assessments by HMRC: trustees

Section 28I allows HMRC to issue a simple assessment to the trustees of a settlement, calculating their income tax and capital gains tax liability based on information HMRC already holds, without the trustees needing to file a self-assessment return.

• HMRC may issue a simple assessment to trustees provided they have not already filed a return or been required to do so
• The assessment covers income tax and capital gains tax, calculated after reliefs and allowances, and based solely on information HMRC holds
• The notice must detail the income, gains, reliefs and allowances used, the amount payable, how to pay it, and the payment deadline
• Certain pension-related tax charges are excluded from simple assessments, but HMRC may issue more than one simple assessment for the same settlement and tax year