We are advising a trust which has made many (let’s say 40) capital distributions over 10 years which are subject to exit charges. These weren’t reported at the time due to a mistake over the settlor’s domicile so we are submitted them now. We’ve called HMRC to discuss a single return with a spreadsheet but due to Covid absences they were not very helpful.
Has anybody submitted a single return in situations like this? I would have thought HMRC would much prefer a single spreadsheet rather than 40 returns for thruppence each, but the computer may not be able to handle it.
Osborne Clarke LLP