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

Imelda

Interestingly, it is my NS&I bonds which do not appear to have been reported to HMRC.

RG2015

@Imelda,

Sorry to hear that you had an unhelpful call with HMRC. When I called them a couple of years ago they were very helpful and corrected all of their mistakes.

It was though, very useful to hear they will post out the details to you. Have a look also, at the link on @Dazed_and_C0nfused 's post (4 or 5 posts back) which you may find interesting.

polymaff

Imelda said:

Interestingly, it is my NS&I bonds which do not appear to have been reported to HMRC.

Could be a blessing in disguise.  NS&I, by their own admission, have been mis-reporting some taxable savings interest.

NS&I's stance was that this is OK because over the lifetime of the bond, all taxable interest will have been reported - just not in the right tax years. ...

molerat

Imelda said:

I have had the slog on the phone this morning. It was very hard work and not at all helpful.
she couldn't even tell me how to report my interest other than to say I need to contact the banks to tell them to report to HMRC... except I don't know which ones have and which ones haven't and how much they have declared. She did say she would post out to me a copy of the list they hold (which makes me question why it can't be shown online?).
I am thinking of copying my interest certificates for 2019/2020 and posting them to HMRC. I can't even log on to my self assessment account (she couldn't help me with that either) to be able to do a tax return (which I don't think I need to do for interest under £10k, do I?)
what an utter shambles this is.

Initially the operator told me that but I asked if we could do it now and she said yes so we went through the accounts she had and I gave her the accurate figures for those, don't care about ones they don't know about, which brought the total down below the magic £1K - not really interested in anything else apart from that one !

Imelda

polymaff said:

Imelda said:

Interestingly, it is my NS&I bonds which do not appear to have been reported to HMRC.

Could be a blessing in disguise.  NS&I, by their own admission, have been mis-reporting some taxable savings interest.

NS&I's stance was that this is OK because over the lifetime of the bond, all taxable interest will have been reported - just not in the right tax years. ...

How ridiculous! Out of all the institutions you would have thought NS&I would have been the simplest.
Marcus have not shown up on my list at all, has anyone else had that issue?

LobsterMemory

Imelda said:

polymaff said:

Imelda said:

Interestingly, it is my NS&I bonds which do not appear to have been reported to HMRC.

Could be a blessing in disguise.  NS&I, by their own admission, have been mis-reporting some taxable savings interest.

NS&I's stance was that this is OK because over the lifetime of the bond, all taxable interest will have been reported - just not in the right tax years. ...

How ridiculous! Out of all the institutions you would have thought NS&I would have been the simplest.
Marcus have not shown up on my list at all, has anyone else had that issue?

While I don't have a list, looks as though my total doesn't include them too.

polymaff

The NS&I error, by the way, only affects those due interest on the 6th, 7th, 8th and 9th of April.  That's a significant fraction of those with NS&I bonds paying interest monthly.  It only affects about 1% of bonds paying interest annually - although for that 1% the error is,  I guess (not having any yearly bonds), an entire year's interest mis-declared.

Imelda

polymaff said:

The NS&I error, by the way, only affects those due interest on the 6th, 7th, 8th and 9th of April.  That's a significant fraction of those with NS&I bonds paying interest monthly.  It only affects about 1% of bonds paying interest annually - although for that 1% the error is,  I guess (not having any yearly bonds), an entire year's interest mis-declared.

Mine is from December and June.

polymaff

Imelda said:

polymaff said:

The NS&I error, by the way, only affects those due interest on the 6th, 7th, 8th and 9th of April.  That's a significant fraction of those with NS&I bonds paying interest monthly.  It only affects about 1% of bonds paying interest annually - although for that 1% the error is,  I guess (not having any yearly bonds), an entire year's interest mis-declared.

Mine is from December and June.

December and June? The relevant criterion is taxable interest paid on the 6th to 9th April, inclusive.

schiff

polymaff said:

Imelda said:

Interestingly, it is my NS&I bonds which do not appear to have been reported to HMRC.

Could be a blessing in disguise.  NS&I, by their own admission, have been mis-reporting some taxable savings interest.

NS&I's stance was that this is OK because over the lifetime of the bond, all taxable interest will have been reported - just not in the right tax years. ...

Shades of Morecambe & Wise with André Prévin!