Tax credit and bank interest period. Confused ?

mememomo

Hi All

I recently received tax credit renewal pack for 2014-2015. I am confused about the bank interest period. Please help.

Bank account interest was from 1st January 2014 until 31st December 2014, but the tax year is from 6th April 2014 to 5th April 2015.

Can I just use the bank interest from 1st January 2014 to 31st December 2014 (the bank only provided this period on my statement) or will I need to ask the bank to Caculate from 6th April 2014 to 5th April 2015? (is it possible?) Alternatively do you think it will show on a certificate of interest for 6th April 2014 to 5th April 2015?

I would be grateful if anyone can clarify (links for further information would also be great)
I appreciate your help![STRIKE][/STRIKE]

sheramber

It is the amount of interest credited between 6 April one year and 5April the next year.

It interest is only credited once a year on 31 December then that is the figure that you use.

mememomo

I first applied for tax credit in June 2014. I have some foreign interest over £300 which I believe I needed to declare. But I only have the interest statement which I can use, started from 18th May 2013 to 17th April 2014 and from 17th April 2014 to 2nd April 2015. I cannot get the interest statement from 6th April 2013 to 5th April 2014 and 6th April 2014 to 5th April 2015. What can I do? Should I just use what is showing on the statement I have ?

Many thanks

mememomo

I dont get the statement every month. The first statement was 18th May 2013 and last statement was 17th April 2014 for the year 2014. And the first statement was 17th April 2014 to 2nd April 2015 for year 2015.