HMRC has updated and published the Small Profits Rate and Marginal Relief Toolkit. In addition, the updated Inheritance Tax Toolkit is also now available and is effective for deaths occurring on or after 6 April 2014.

All twenty toolkits have now been refreshed and include the new checklist functionality to add notes, save and print client information.

By way of reminder, these toolkits provide guidance on areas of error that HMRC frequently see in returns and set out the steps that can be taken to reduce those errors. The toolkits are intended to help:

• ensure that returns are completed correctly, minimising errors
• focus on the areas of possible error that HMRC consider key
• demonstrate reasonable care