ISA Interest

jennifernil

John_Pierpoint wrote: »

When this sort of thing happens, it is c0ck-up or conspiracy. in my experience 90% of the time it is c0ck-up.
There are pages of the tax man's manuals dedicated to finding tax payers with multiple ISA's taken out in the same tax year.
Could someone have accidentally thought your husband might be in this situation? Your name is not Smith is it?

No, his name is in fact so unusual that he is probably the only person (other than our son and our daughter and myself) in UK that have this surname.

Your surmise of c0ck-up is the most likely!!

And I promise we will not take up HMRC's time by complaining!

jimmo

BoGoF wrote: »

Basically no, HMRC would not ask for this info except in an Enquiry case. Seems that, like you suspect, Halifax have incorrectly returned this interest as taxable gross interest.

If anyone thinks that HMRC doesn't know what ISAs we all have, they should think again.
If you were to, illegally, open 3 or 4 new cash ISAs in separate banks in the same year, who do you think polices that?
In jennifernil's case I would suspect that Halifax has erroneously reported ISA details as a non-ISA account but whether that is down to new rules is something I can't comment about.
Certainly in my days at HMRC if I was considering opening an Enquiry into your Return there was a pretty good chance that I knew exactly what savings you had had for a number of years and the interest you had received regardless of whether it was in a normal savings account or an ISA.