Annual Interest Summary

Pincher

Got the Tax certificate from Halifax last week, and I thought that was the last one, surely, and then just noticed TSB put on an online one for 2015/16, dated 19th July.

This is why I never bother until July to do my taxes.

This is like diarrhoea. Drip, drip, drip.

hoc

Parts of the Lloyds Group seem to be worst offenders. I had a thread on this topic focusing on Bank of Scotland which only the other day finally issued my statement, at least 2 months after all others had.

kingrulzuk

hoc wrote: »

Parts of the Lloyds Group seem to be worst offenders. I had a thread on this topic focusing on Bank of Scotland which only the other day finally issued my statement, at least 2 months after all others had.

I agree with that.

colsten

You don't need to wait for the summaries. You can just tot up the interest from your statements / transaction lists and use that in your tax return. I have never been asked to produce the annual interest summaries to the HMRC, ever.

If you use a personal finance package and add the interest as it gets paid, producing your annual summary should involve no more than a couple of clicks on April 6 each year (or any other date you fancy)

PeacefulWaters

Ah, for the days when Halifax issued this information for all accounts on a single statement. In May.

ManAtHome

I pick up interest payments online and stick them in a spreadsheet.

Pincher

colsten wrote: »

You can just tot up the interest from your statements / transaction lists and use that in your tax return.

Theoretically, yes.

I find I have lost my will to live when I've done two accounts.

At least monthly rental income is a fixed amount, but these monthly interests are all a little different.

If the HMRC is supposed to have a "Personal Account", for each of us, I wish they would just tell us how much interest we received. No, you have to add every piddling monthly amount.

My mother told me to become an accountant, fat chance of that.
Six months into the course, I would be rampaging down the street, shouting: "Kill me, kill me, I can't take the double entry book keeping any more."

polymaff

PeacefulWaters wrote: »

Ah, for the days when Halifax issued this information for all accounts on a single statement. In May.

Or even in April! Up to ten accounts on a single blue-bordered sheet - with extra sheets if necessary - and all in one envelope.

Couldn't do that now

polymaff

hoc wrote: »

Parts of the Lloyds Group seem to be worst offenders. I had a thread on this topic focusing on Bank of Scotland which only the other day finally issued my statement, at least 2 months after all others had.

kingrulzuk wrote: »

I agree with that.

Got the local Halifax to print them all off - April 13th.