tax return

LouiseW_3

i have left this way too long but am completing it online so hopefully i'll be ok!!

i'm stuck though. I think i have every bit of paper that has ever been given to me as i hardly ever throw anything away but... i can't find my statements of interest that come every year from my bank accounts!!!!! is there any way i can find out the interest that has been paid net to my accounts or can i request a copy from the bank?

i hardly make any money from an small extra business and am starting to wonder if it is worth all of the hassle

thanks

zzzLazyDaisy

I did that last year.... I phoned my bank, they wouldn't tell me over the phone, but they sent me another copy within a few days.

Good luck - I hated the dratted tax return, am very pleased I don't have to do one this year.

Daisy x

LouiseW_3

i will give them a ring today! took this week off from my proper job to complete the silly thing but have got no where with it. I reckon i will stick at my extra work though? once i've done it once i'll know what to expect and will make sure i keep the right things

louise

Nick_C_4

You could just go through your year's bank statements.....

Savvy_Sue

Nick_C wrote:

You could just go through your year's bank statements.....

Which is what I've had to do before now!

pchelpman

If you really are stuck you are allowed to incude a reasonable/prudent estimate of the interest in your Tax return.

ctm_2

pchelpman wrote:

If you really are stuck you are allowed to incude a reasonable/prudent estimate of the interest in your Tax return.

Yes, you are allowed to include provisional figures, but must declare that you are doing so at question 23.2 and give further details at question 23.7 of the retrun, and must provide accurate figures as soon as possible.

Quote from the Tax Return Guide (Page 31):
"If you use provisional figures you must have taken all reasonable steps to get the final figures, and ensure that they are sent as soon as they are available. You could be charged a penalty if you did not have a good reason for using a provisional figure or you did not take sufficient care to calculate the provisional figure in a reasonable amount.
I would not regard pressure of work either on you or your tax adviser, or the complexity of your affairs, as reasons for using a provisional figure.
You must ensure that any provisional figures you do include are reasonable and take account of all the information available to you.
If you negligently submit a provisional figure which is either inaccurate, or unnecessary, you may be liable to a penalty."