HMRC Untaxed Interest?

sparklymarkly

I think this is more Tax related than Savings so hopefully in the right section.
I’ve just had a letter from HMRC ‘kindly’ informing me that I earned more interest in 22-23 than their estimate. Is there any way to actually see what interest they are claiming I have had?
I’ve been onto my personal tax account but that just repeats what the letter said and doesn’t actually make clear where this interest has come from (so I can check I agree with it before sending them money!). I’m not disputing that it’s correct but curious to see if their numbers tally with mine.
Any advice welcome. Thanks. 

Dazed_and_C0nfused

No.

You will need to ask them to send you the details (of each account).

Ozzig

I can confirm, a quick call and they post you a letter with all the interest declared to them, including the bank name, sort code, and last 4 digits of the account number.

sparklymarkly

Thanks both for your help - much appreciated.
 I’ll give them a call.

born_again

To be fair, you should know how much interest you have earned over the last year & be able to work it out. Remember banks have to report this to HMRC.
You can also ask you bank's for a annual statement of interest.

Albermarle

born_again said:

To be fair, you should know how much interest you have earned over the last year & be able to work it out. Remember banks have to report this to HMRC.
You can also ask you bank's for a annual statement of interest.

There have been many posts on the savings forum, where the interest recorded by HMRC does not match up with a persons own records. So it is worth checking if you are concerned.

sparklymarkly

Albermarle said:

born_again said:

To be fair, you should know how much interest you have earned over the last year & be able to work it out. Remember banks have to report this to HMRC.
You can also ask you bank's for a annual statement of interest.

There have been many posts on the savings forum, where the interest recorded by HMRC does not match up with a persons own records. So it is worth checking if you are concerned.

Exactly what I was trying to do Albemarle. 

Can’t take everything HMRC say as being unquestionably right!

Albermarle

sparklymarkly said:

Albermarle said:

born_again said:

To be fair, you should know how much interest you have earned over the last year & be able to work it out. Remember banks have to report this to HMRC.
You can also ask you bank's for a annual statement of interest.

There have been many posts on the savings forum, where the interest recorded by HMRC does not match up with a persons own records. So it is worth checking if you are concerned.

Exactly what I was trying to do Albemarle. 

Can’t take everything HMRC say as being unquestionably right!

It is more likely that a bank has reported late to HMRC than anything.

uknick

Ozzig said:

I can confirm, a quick call and they post you a letter with all the interest declared to them, including the bank name, sort code, and last 4 digits of the account number.

A "quick" call to HMRC?  Does that include the 3 days wait for them to answer  ?

sparklymarkly

uknick said:

Ozzig said:

I can confirm, a quick call and they post you a letter with all the interest declared to them, including the bank name, sort code, and last 4 digits of the account number.

A "quick" call to HMRC?  Does that include the 3 days wait for them to answer  ?

uknick said:

Ozzig said:

I can confirm, a quick call and they post you a letter with all the interest declared to them, including the bank name, sort code, and last 4 digits of the account number.

A "quick" call to HMRC?  Does that include the 3 days wait for them to answer  ?

53 minutes on hold listening to awful lift music with the occasional “your call is important to us” message!
Got there in the end…..

LeafGreen

I got a message through the other day and the total doesn’t match my records.  I do have 8 or 9 accounts but I cannot get any combination to add up to the total they have given me, and I have tried to be meticulous in my record keeping.