Interest details on HMRC Personal Tax Account. Updated to include how to access interest details.

badger09

littlemoney wrote: »

It still works for me but it is still showing my 2017/18 interest. I had hoped that they would have updated the figures by now as I thought the financial institutions had to send the information by 30 June. Perhaps I am wrongly thinking it would be like the system which employers have to use to send information to the tax office, where it is all done electronically and files automatically loaded.


I really didn't want the hassle of updating and amending. Any guess when the figures might be right?

Not in my lifetime:p

typistretired

Not showing any details for me. The only one I could see was you clicked if you wanted to amend the figure.
It would be nice if the banks themselves were efficient at supplying tax certificates to us. They want you to be paperless but some don't include the summary of tax for a tax return online. Just had to chase up Yorkshire Bank and TSB for certificates as they were not shown online.

veryintrigued

My interest details have disappeared too.

Shame as although they were from the previous years they were pretty accurate.

matty17r

typistretired wrote: »

Not showing any details for me. The only one I could see was you clicked if you wanted to amend the figure.
It would be nice if the banks themselves were efficient at supplying tax certificates to us. They want you to be paperless but some don't include the summary of tax for a tax return online. Just had to chase up Yorkshire Bank and TSB for certificates as they were not shown online.

typistretired - I have been waiting for my TSB tax statements to go into my inbox and rang yesterday when it said they should be there by 31st July. They have been there all the time but they are now with the statements scroll down and they are on page 5, same for RBS and hopefully lloyds who I think are all the same group. Look at the first things in your inbox after 6th April. I think this needs highlighting in the inbox title personally. Now to get the SA done at last. Think I could have done it ages ago.

eskbanker

matty17r wrote: »

I have been waiting for my TSB tax statements to go into my inbox and rang yesterday when it said they should be there by 31st July. They have been there all the time but they are now with the statements scroll down and they are on page 5, same for RBS and hopefully lloyds who I think are all the same group.

TSB, RBS and Lloyds are all unrelated, although TSB and Lloyds used to be linked until 2013. The Lloyds Banking Group does include Bank of Scotland, which is entirely different from RBS....

RG2015

I wrote to HMRC in June giving them my details of my actual interest for 2018/19 and they duly inserted these on my personal tax account online as my estimate for 2019/20. This was just under £1,000 so I am not liable for any tax on the interest.

I checked yesterday and the figure had been updated and was £300 higher taking me well over £1,000.

I checked the new details and seven of my fifteen or so accounts had been duplicated with details submitted by the banks. The figures were identical and some of the account numbers were identical but HMRC appeared not to consider that they were duplicating some of my interest received amounts.

This had the effect of creating a tax liability for both 2018/19 and 2019/20 and HMRC had adjusted my tax code accordingly.

A quick phone call got this sorted but left me aghast that HMRC were so incompetent as to not consider their actions.

Anyway, this is a heads-up for people to keep vigilant for errors being made by HMRC.

Perhaps my trying to keep HMRC updated was not the best of decisions.

polymaff

RG2015 wrote: »

Perhaps my trying to keep HMRC updated was not the best of decisions.

You can't blame me for chuckling. (Post #306)

Dazed_and_confused

There's a recent poster on the Cutting Tax board keeps getting revised P800's every few days as their interest details are updated

badger09

polymaff wrote: »

You can't blame me for chuckling. (Post #306)

Me too.

I'm still resolutely refusing to engage with this Personal Tax Account.

Unfortunately though, HMRC seem unable to get figures of interest and therefore under/overpayments correct, even when provided with accurate interest figures.

They have recently removed a large incorrect coding adjustment for estimated current year interest, but I'm still paying additional tax based on HMRC calculated underpayment of over £823.

There is no underpayment, in fact, they owe me £113:(.

RG2015

What was surprising was that when I spoke to them they asked me which interest amounts I wanted to be removed from both 18/19 and 19/20.

They did not have any professional input at all and were not at all concerned to be removing interest figures that had been submitted by the banks themselves,