Tax certificate

Reaper

Some banks provide annual statements showing the interest earned which is normally all you need. An actual tax certificate is only really needed if the tax man demands it.

FOREVER21

Newly_retired wrote: »

I have now got them all except TSB.
I received an online message which led to tax information on one TSB savings account, but nothing on my Classic Plus or TSB vantage accounts.
I can't find anywhere on the website to request the information, so I will have to ring up, I guess.

I received e- mail message from TSB this morning , which showed interest paid etc, for one of my classic accounts but not my second classic account opened a few months after the first.
So it would seem that they are working through the accounts and I would expect details of my second account soon.

During the course of the year I had been keeping details of the interest and as I thought TSB was not going to send out a certificate and I wanted to submit my self assessment asap( I was due a refund of tax) I used my figures fortunately they agreed with the belated certificate.

I do think TSB and perhaps others need to get their act together as the annual statements should be available just after the end of the tax year and not take so long to appear.

colsten

FOREVER21 wrote: »

I do think TSB and perhaps others need to get their act together as the annual statements should be available just after the end of the tax year and not take so long to appear.

Without searching, I can't readily point my finger at it but I think it's always been end of July by when banks would issue their tax statements.

I track my interest payments as they get credited to each of my accounts, so I can do my self-assessment as soon as I get my P60, usually within days of tax-year end. I basically ignore the banks' tax statements and have never been asked by the HMRC to present them.

As everything gets more computerised, I doubt HMRC will ever ask to see tax statements as they can already see what interest you got at the press of a button, and I reckon we will soon (2-5 years?) be able to see every last penny of interest we got in our personal online HMRC tax statements.

matty17r

TSB were my first to arrive in my inbox and I am still waiting for BOS even though oh has got all of his.