Periodic Charge Return

A Periodic Charge Return is a mandatory form that trustees responsible for a trust subject to inheritance tax charges must submit to HM Revenue and Customs (HMRC).

This form is essential for reporting any tax liabilities related to chargeable lifetime transfers made by the trust and any tax on the value of trust property exceeding the available nil-rate band. The periodic charge is calculated based on the value of the trust assets and the prevailing inheritance tax rate.

Trustees must file the Periodic Charge Return annually within six months after the end of the trust's accounting period. Failure to meet the filing deadline may lead to penalties and interest charges.

Our streamlined approach helps trustees prepare and file Periodic Charge Returns, ensuring that all necessary information is included in the return and that the filing is completed on time.