Pay tax for Bank interest for FY 07/08, 08/09, 10/11,

timtomtim

Hi,

I have not been able to file my self assessment tax return for above years, neither did I got any letter from HMRC for filing my returns.

I want to know how can I correct this and pay the tax back, the amount is not much it may be <100 GBP for taxes. I did got some dividend { < 500 GBP }in 09/10 for which I need to pay tax for high income tax rate.

Any advice, contacted Tax accountant and they are charging £180 per tax year.

regards,

PlutoinCapricorn

Have you moved address? If you have not been getting reminders then usually HMRC don't require you to complete a return.

Most bank interest is paid net of tax so why do you think you owe it?

kitty1801

You need to contact HMRC directly to request the forms - however, based on the amounts involved you may not need to complete a tax return at all. The 07/08 year is out of date now so it may not be possible to correct that one. Give them a call on 0845 300 0627.

timtomtim

Thanks,

I contacted them yesterday was adviced to send letter of amount of interest paid and amount charged, they will then update tax code .