Certificates of deduction of tax

gunnaknow

Hi guys, I need some advice please. I earn less than the 6K tax allowance, so I want to claim back all of the tax that had been deducted from my savings accounts. What is the easiest way to do this please? Do I contact my banks and ask for certificates of deduction of tax and then send them to inland revenue, with a tax repayment form? Will the banks send me these certificates to work out how much tax I'm due back, or do I have to calculate it myself by adding up all of the tax deductions from my accounts each month? Thanks.

System

The banks should issue certificates at the end of the relevant tax years and you need to complete an R40 for each year and send it to HMRC. You need to tally the figures yourself.

Robert_Sterling_3

When I have claimed back tax I have sent full details of the Bank & BS Account on which I have paid tax. I have had the appropriate tax certificates. They have always refunded an approptiate amount of tax and have never asked to see the certificates. My guess is that they have their own copies of these certificate or can look at them electronically from the details I have sent.

System

You don't need to send the certificates with the R40. If your claim is chosen for a check they will ask for them then. The staff processing your claim will not have direct access to the certificates themselves, electronically or otherwise :rolleyes:

trevormax

I used to work R40's a little while ago. A lot of them didn't have the certificates attached and we didn't normally ask for them unless the figures didn't add up. If you have the certificates you can send them in to avoid any delays. The certificates will also be sent back to you.

gunnaknow

Thanks for the replies. Can I ask for certificates from previous years aswel? I think that I'm due back tax from the last two or three years. Do I fill in separate tax forms for each year? Thanks.

System

Pam17 wrote: »

The banks should issue certificates at the end of the relevant tax years and you need to complete an R40 for each year and send it to HMRC. You need to tally the figures yourself.

Also it is not just sufficient to complete the income from savings and investments on the R40's you have to declare all taxable income. HMRC then adds up all the income and works out your tax liability for whatever year and compares that with what tax you actually paid and issues a refund if appropriate.

http://www.hmrc.gov.uk/forms/r40.pdf