What's the worst that can happen?

fleemkt

I think I'm now in a position to finalise and file my tax return.

However, if between now and the filing deadline I discover I've missed something, will I be able to amend my return?

What if, on the other hand, HMRC thinks I've missed an interest payment (not declared bank interest received) for example?  Will they just get in touch and advise of anomily?

Dazed_and_C0nfused

You have until 31 January 2022 to amend your 2019:20 return.

And yes they investigate some returns if they think they are incorrect.

Grumpy_chap

fleemkt said:

I think I'm now in a position to finalise and file my tax return.

However, if between now and the filing deadline I discover I've missed something, will I be able to amend my return?

What if, on the other hand, HMRC thinks I've missed an interest payment (not declared bank interest received) for example?  Will they just get in touch and advise of anomily?

If you think you may have missed something, you should double check before submission.  

For most people, there are not that many interest payments received and the sums are quite small.  In my case, total interest received is about £2.  If I missed a receipt, it would be about 20pence and of little concern to anyone.

If you have substantial cash assets generating significant interest income, then you may benefit from an Accountant (for tax matters) and an IFA (to maximise the return).

fleemkt

Thank you both for your replies.

I've definitely not got any substantial cash assets - wish I did!

I've been confident with prior year returns, but for some reason, I feel I might have overlooked bank interest received for 2019-20.  Wouldn't be much with the rates we've endured during 2019-20, but I just want to be as accurate as possible.

Jeremy535897

fleemkt said:

Thank you both for your replies.

I've definitely not got any substantial cash assets - wish I did!

I've been confident with prior year returns, but for some reason, I feel I might have overlooked bank interest received for 2019-20.  Wouldn't be much with the rates we've endured during 2019-20, but I just want to be as accurate as possible.

Why not look at your bank statements or online? Most banks issue a certificate showing interest paid in the tax year.