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  • FIRST POST
    • typistretired
    • By typistretired 1st Sep 17, 5:23 PM
    • 1,290Posts
    • 905Thanks
    typistretired
    Halifax Reward Payment on tax return
    • #1
    • 1st Sep 17, 5:23 PM
    Halifax Reward Payment on tax return 1st Sep 17 at 5:23 PM
    If anyone else is doing their tax return and wondered where to put their Halifax Reward Payment now Halifax are issuing us with tax certificates. You put the Reward Payment under other income, boxes 17, 19 and 21 on TR3 need to be completed
    "Look after your pennies and your pounds will look after themselves"
Page 1
    • TrustyOven
    • By TrustyOven 1st Sep 17, 7:00 PM
    • 669 Posts
    • 708 Thanks
    TrustyOven
    • #2
    • 1st Sep 17, 7:00 PM
    • #2
    • 1st Sep 17, 7:00 PM
    For box 21, I put:

    "Annual payments for holding a Halifax Reward Current Account." as per some other website.

    Don't forget to round up tax, and round down income as per their advice sheet.
    Goals
    Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
    Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
    Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)
    • Motormad
    • By Motormad 1st Sep 17, 8:14 PM
    • 82 Posts
    • 32 Thanks
    Motormad
    • #3
    • 1st Sep 17, 8:14 PM
    • #3
    • 1st Sep 17, 8:14 PM
    Do you have to declare switching incentives and rewards on your tax return?
    • PeacefulWaters
    • By PeacefulWaters 1st Sep 17, 9:14 PM
    • 7,157 Posts
    • 8,807 Thanks
    PeacefulWaters
    • #4
    • 1st Sep 17, 9:14 PM
    • #4
    • 1st Sep 17, 9:14 PM
    Do you have to declare switching incentives and rewards on your tax return?
    Originally posted by Motormad
    The answer is no. As long as you're not referring to Halifax £3 a month rewards.
    • bigadaj
    • By bigadaj 2nd Sep 17, 7:39 AM
    • 10,671 Posts
    • 6,970 Thanks
    bigadaj
    • #5
    • 2nd Sep 17, 7:39 AM
    • #5
    • 2nd Sep 17, 7:39 AM
    The answer is no. As long as you're not referring to Halifax £3 a month rewards.
    Originally posted by PeacefulWaters
    Or co op or other regular payment on a bank account.
    • bigadaj
    • By bigadaj 2nd Sep 17, 7:40 AM
    • 10,671 Posts
    • 6,970 Thanks
    bigadaj
    • #6
    • 2nd Sep 17, 7:40 AM
    • #6
    • 2nd Sep 17, 7:40 AM
    For box 21, I put:

    "Annual payments for holding a Halifax Reward Current Account." as per some other website.

    Don't forget to round up tax, and round down income as per their advice sheet.
    Originally posted by TrustyOven
    I believe it rounds up and down automatically.
    • where are we
    • By where are we 2nd Sep 17, 10:07 AM
    • 161 Posts
    • 50 Thanks
    where are we
    • #7
    • 2nd Sep 17, 10:07 AM
    • #7
    • 2nd Sep 17, 10:07 AM
    My OH received her Halifax Annual Reward Summary a few weeks ago and as a non taxpayer has recently reclaimed the tax deducted. Why do banks and building societies release Annual Summary statements for each tax year (online documents and letters) as late as July, when the tax year ends on the 5th of April eg. 3 BOS statements came at the end of July. It doesn`t seem very efficient. She has to delay filling in a P55 HMRC tax form until she has all her Annual Summary statements (in double figures) available.
    • TrustyOven
    • By TrustyOven 2nd Sep 17, 11:52 AM
    • 669 Posts
    • 708 Thanks
    TrustyOven
    • #8
    • 2nd Sep 17, 11:52 AM
    • #8
    • 2nd Sep 17, 11:52 AM
    I believe it rounds up and down automatically.
    Originally posted by bigadaj
    There's nothing automatic about using your pen and writing the rounded number on the form, unless you mean automatically by your brain as you are doing it.

    I suspect the online Self Assessment would probably round it up and down.
    Goals
    Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
    Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
    Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)
    • bigadaj
    • By bigadaj 2nd Sep 17, 4:39 PM
    • 10,671 Posts
    • 6,970 Thanks
    bigadaj
    • #9
    • 2nd Sep 17, 4:39 PM
    • #9
    • 2nd Sep 17, 4:39 PM
    There's nothing automatic about using your pen and writing the rounded number on the form, unless you mean automatically by your brain as you are doing it.

    I suspect the online Self Assessment would probably round it up and down.
    Originally posted by TrustyOven
    Can you still do a paper return, I thought it was online only now?
    • TrustyOven
    • By TrustyOven 2nd Sep 17, 5:25 PM
    • 669 Posts
    • 708 Thanks
    TrustyOven
    Can you still do a paper return, I thought it was online only now?
    Originally posted by bigadaj
    I had to do a paper one this year for tax year 2016 to 2017 (I phoned them about pension HR tax releif and they couldnt sort it out on the phone so they said "ok we will send you ha SA form and you have to fill it in". Was bit of a shock; never filled one in before and don't expect to ever again.)

    I know they received it (guaranteed next day postage was signed) but had no official communication from HMRC to say they are looking into it or whatever. Honestly have no idea what will happen as a result.
    Goals
    Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
    Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
    Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)
    • typistretired
    • By typistretired 2nd Sep 17, 6:11 PM
    • 1,290 Posts
    • 905 Thanks
    typistretired
    Halifax Reward Payment on tax return
    Just completed my tax return online. The information I noted from a tax advise site must refer to a paper application. But the Halifax reward is put in other income (last of list) and there is a box to allow you to state it was from the Halifax Reward. Strange they don't round down when working out how much you owe. They collect the pennies.
    "Look after your pennies and your pounds will look after themselves"
    • polymaff
    • By polymaff 2nd Sep 17, 6:33 PM
    • 1,771 Posts
    • 760 Thanks
    polymaff
    My OH received her Halifax Annual Reward Summary a few weeks ago and as a non taxpayer has recently reclaimed the tax deducted. Why do banks and building societies release Annual Summary statements for each tax year (online documents and letters) as late as July, when the tax year ends on the 5th of April eg. 3 BOS statements came at the end of July. It doesn`t seem very efficient. She has to delay filling in a P55 HMRC tax form until she has all her Annual Summary statements (in double figures) available.
    Originally posted by where are we
    It's a damned nuisance that many of the institutions are so lazy over this issue.

    If you ask for the documents in Branch or over the telephone they will send them earlier - but why don't they ALL make them visible on line - and by the 6th April?
    • polymaff
    • By polymaff 2nd Sep 17, 6:42 PM
    • 1,771 Posts
    • 760 Thanks
    polymaff
    Can you still do a paper return, I thought it was online only now?
    Originally posted by bigadaj
    I...I know they received it (guaranteed next day postage was signed) but had no official communication from HMRC to say they are looking into it or whatever. Honestly have no idea what will happen as a result.
    Originally posted by TrustyOven
    Many, my OH in particular, HAD to do a paper return - as HMRC's xxxx software couldn't handle her combination of incomes competently. (by HMRC's own admission)

    HMRC received the return in June and only replied to it yesterday - with the wrong computation

    By the way, HMRC's latest "beta"'s processing of such cases, for the first time in over twenty attempts, produces computations in line with my simple, visual model - published over a year ago. So, who knows, the next release, scheduled for October, may mean that from that date they will be able to accept far more online submissions.

    Who knows?

    EDIT: Trusty, you should be able to see the progress - or lack of it - online. Log into HMRC and look under Track your form or letter.
    Last edited by polymaff; 02-09-2017 at 6:46 PM.
    • typistretired
    • By typistretired 4th Sep 17, 11:24 AM
    • 1,290 Posts
    • 905 Thanks
    typistretired
    Halifax Reward Payment on tax return
    The system online is much easier than it used to be. You had to put all the tax references for your company pensions before, but not required now.
    "Look after your pennies and your pounds will look after themselves"
    • TrustyOven
    • By TrustyOven 8th Sep 17, 5:34 PM
    • 669 Posts
    • 708 Thanks
    TrustyOven
    EDIT: Trusty, you should be able to see the progress - or lack of it - online. Log into HMRC and look under Track your form or letter.
    Originally posted by polymaff
    Just tried that, it says:

    "
    Track your form or letter

    We don't have any forms or letters from you on our system yet.
    Can't see your form or letter?

    If you sent us a form online it may take a few hours before you can see it here. If you have posted a form or letter it may take a few working days for us to receive it and add it to our system. Please check back here again."




    They received my post ~ 2.5 weeks ago.
    Goals
    Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
    Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
    Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)
    • polymaff
    • By polymaff 8th Sep 17, 5:45 PM
    • 1,771 Posts
    • 760 Thanks
    polymaff
    Just tried that, it says:

    "
    Track your form or letter

    We don't have any forms or letters from you on our system yet.
    Can't see your form or letter?

    If you sent us a form online it may take a few hours before you can see it here. If you have posted a form or letter it may take a few working days for us to receive it and add it to our system. Please check back here again."

    They received my post ~ 2.5 weeks ago.
    Originally posted by TrustyOven
    Took several weeks for my paper SA to show up - then 10 weeks for any progress to be reported.

    And they got the calculation wrong.

    Twice.

    Hope to sort them out tomorrow on the second mis-calculation. When phone calls are free.

    Why not give them a call?
    • TrustyOven
    • By TrustyOven 8th Sep 17, 5:50 PM
    • 669 Posts
    • 708 Thanks
    TrustyOven
    Took several weeks for my paper SA to show up - then 10 weeks for any progress to be reported.

    And they got the calculation wrong.

    Twice.

    Hope to sort them out tomorrow on the second mis-calculation. When phone calls are free.
    Originally posted by polymaff
    Yowch! Surprising they are that inefficient, surely they deal with this all the time, so they should be experts at getting SA done correctly?

    Why not give them a call?
    Originally posted by polymaff
    Tempting to call them.

    However, I just gave the National Insurance department a call for a different matter, and they advised me they havn't sent my letter to me because they have a 60+ day backlog. Possible that the SA department also has a big backlog.
    Goals
    Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
    Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
    Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)
    • polymaff
    • By polymaff 8th Sep 17, 6:08 PM
    • 1,771 Posts
    • 760 Thanks
    polymaff
    Yowch! Surprising they are that inefficient, surely they deal with this all the time, so they should be experts at getting SA done correctly?
    Originally posted by TrustyOven
    No, they haven't - and they've never been so "haven't" as this year where, I believe for the first time, they've gone into the assessment period [for 2016/17] without a method capable of processing such a significant number of taxpayers' tax affairs correctly.

    Their, rubbish, solution to this has been to order such people to submit paper returns - very inconvenient. So I did this, and then, several weeks later, called them to remind them that the return was marked up in the "other information" box as an "Excluded" case - and to ask them to confirm that they wouldn't just parse it through their Known-to-be-faulty processes but give it individual attention. HMRC has stated that they will do this, but I wanted it confirmed - and it was so confirmed.

    The assessment finally made on September 2nd was processed EXACTLY in accord with their Known-to-be-faulty processes. I could have given them that wrong answer on 6th April 2017.
    • vikkiew
    • By vikkiew 9th Sep 17, 12:28 AM
    • 24 Posts
    • 2 Thanks
    vikkiew
    Where exactly does it go on the online form?
    • polymaff
    • By polymaff 9th Sep 17, 9:25 AM
    • 1,771 Posts
    • 760 Thanks
    polymaff
    Where exactly does it go on the online form?
    Originally posted by vikkiew
    Boxes 17 to 21, inclusive.
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