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

RG2015

polymaff said:

Imelda said:

In which case, wouldn't it be easier for HMRC to have an online reporting tool?

There already is:

https://www.gov.uk/log-in-file-self-assessment-tax-return.

You can also use the above to minimise HMRC's power to play around with your PAYE coding.

The whole purpose of PAYE is for those with simple tax affairs to avoid the burden of filling in and submitting a tax return.

HMRC have in the past made mistakes with my interest receivable figure and I have managed to correct this with minimal inconvenience.

I choose not to go down the self assessment route simply because HMRC are incompetent.

dales1

d63 said:

polymaff said:

Imelda said:

In which case, wouldn't it be easier for HMRC to have an online reporting tool?

There already is:

https://www.gov.uk/log-in-file-self-assessment-tax-return.

You can also use the above to minimise HMRC's power to play around with your PAYE coding.

explain please?

If you don't want them to collect last year's tax unpaid by adjusting this year's tax code, there are a couple of boxes on your self-assessment form which you can select.

Much easier than having estimated interest in your tax code, and adjusting it out later on.

polymaff

The link I provided explains it:

Register for and file your Self Assessment tax return

It is a simple process, some data about you, some figures, some choices.  You can download, complete and post the form - SA100 - but it is very easy to do the whole thing online.  After you've completed the data input you are offered the download of form SA302 - which will be HMRC's breakdown of what your tax liability will be, based upon your submission.  You don't have to do it all at once, and you can pause just before the point of submission if you want to ask for help on MSE.

No phone-calls, no fooling about with a BETA system which - clearly - doesn't yet work, no stress.

My affairs are not straightforward. I have both PAYE and Gross pensions, dividend income, taxable savings income, "Other" income - gross and nett - and gift aid to report.  That requires that I type seven figures into seven boxes.

badger09

RG2015 said:

Imelda said:

In which case, wouldn't it be easier for HMRC to have an online reporting tool? Phoning up to go through the rigmarole of checking their records against your own is a little ridiculous.

The original plan when they stopped taxing interest received at source was for HMRC to be sent the data from the banks and building societies.

They didn’t really think this through and the whole process has failed miserably. To compound this failure, HMRC IT systems just cannot cope with the fallout.

It was not a new plan though.

Banks, building societies & even NS&I have been sending interest details to HMRC (IR) for many many years. In the olden days, when I first started work @ IR they were received in batches on individual slips of paper (8CB anyone?) which would be laboriously checked against interest declared and were a rich source of low level investigations. There are multiple issues with the process, HMRC IT system being one of them.

Imelda

polymaff said:

Imelda said:

In which case, wouldn't it be easier for HMRC to have an online reporting tool?

There already is:

https://www.gov.uk/log-in-file-self-assessment-tax-return.

You can also use the above to minimise HMRC's power to play around with your PAYE coding.

Well, yes, this is the second strand to my issue.  I cannot log on to my self assessment account. I have a personal tax account but it tells me I need a different account to be able to do a self assessment return. The last time I had to do one was in about 2008 and I have no idea where those details are now.
The person I spoke to at HMRC didn't have a clue what I was talking about and insisted that I only had one account.  I went round in circles and asked to be transferred to someone who might know but apparently that was her.
I have now screenshot all of the information and will post it to them. I am not sure what else I can do, perhaps try again to see if I get someone helpful?

RG2015

badger09 said:

RG2015 said:

Imelda said:

In which case, wouldn't it be easier for HMRC to have an online reporting tool? Phoning up to go through the rigmarole of checking their records against your own is a little ridiculous.

The original plan when they stopped taxing interest received at source was for HMRC to be sent the data from the banks and building societies.

They didn’t really think this through and the whole process has failed miserably. To compound this failure, HMRC IT systems just cannot cope with the fallout.

It was not a new plan though.

Banks, building societies & even NS&I have been sending interest details to HMRC (IR) for many many years. In the olden days, when I first started work @ IR they were received in batches on individual slips of paper (8CB anyone?) which would be laboriously checked against interest declared and were a rich source of low level investigations. There are multiple issues with the process, HMRC IT system being one of them.

This is very interesting. I thought that most tax on interest received was previously collected at source. Although on reflection this would have to have been submitted to HMRC (IR) with the associated paperwork.

Not a new plan then, but a variation on an existing process. 

RG2015

Imelda said:

polymaff said:

Imelda said:

In which case, wouldn't it be easier for HMRC to have an online reporting tool?

There already is:

https://www.gov.uk/log-in-file-self-assessment-tax-return.

You can also use the above to minimise HMRC's power to play around with your PAYE coding.

Well, yes, this is the second strand to my issue.  I cannot log on to my self assessment account. I have a personal tax account but it tells me I need a different account to be able to do a self assessment return. The last time I had to do one was in about 2008 and I have no idea where those details are now.
The person I spoke to at HMRC didn't have a clue what I was talking about and insisted that I only had one account.  I went round in circles and asked to be transferred to someone who might know but apparently that was her.
I have now screenshot all of the information and will post it to them. I am not sure what else I can do, perhaps try again to see if I get someone helpful?

Not sure if this will help, but I can log into my SA via Government Gateway but not Gov.Verify.

The home page is the same on both apart from there being no SA link on the Gov.Verify login.

Imelda

I log in via government gateway.

can I just check, I don't have to do a SA return unless my interest is above £10,000 do I? 

Imelda

I just get this every time I try to use my government gateway ID to log into self assessment.
The person I spoke to at HMRC said I did not have another account and that was it, end of help. Should I just apply for a new SA log in?
I still have the same email address and have done all the resetting I can do- it just leads to the telephone number which I used and got nowhere.

RG2015

This is what I have on my home page.