Obtaining BBSI from HMRC

eskbanker

alfista said:

It is ridiculous that we (the customers) can't see the BBSI figures on-line in the HMRC system. They have the data, why can't we see it ?

You can see it, but not online (a trial of such facilities wasn't a success) - you have to request it in writing.

mebu60

masonic said:

A case could be made that the institutions you are a customer of (i.e. banks and building societies) should probably be providing you with the information.

Like they used to.

singhini

alfista said:

It is ridiculous that we (the customers) can't see the BBSI figures on-line in the HMRC system. They have the data, why can't we see it ?

My recent P800 showed my BBSI figure, but it had been rounded down, as were most of the other figures, except for my salary.

HMRC uses real-time data from your employer for wages/salary. However, other figures are typically rounded down. For example, my dividend income was around £94.87, but the P800 showed £94.00. Similarly, my BBSI of £847.87 was shown as £847.00.

So, if you’re hoping for an exact figure, then HMRC might not reflect it precisely.

This was my experience, other might know better. 

masonic

I think it was a breakdown that was being sought.

SacredStephan

eskbanker said:

alfista said:

It is ridiculous that we (the customers) can't see the BBSI figures on-line in the HMRC system. They have the data, why can't we see it ?

You can see it, but not online (a trial of such facilities wasn't a success) - you have to request it in writing.

You can make the request by phone or maybe webchat but if you want a full statement the information will only be provided by post.

eskbanker

mebu60 said:

masonic said:

A case could be made that the institutions you are a customer of (i.e. banks and building societies) should probably be providing you with the information.

Like they used to.

They still do, but they no longer have any obligation to issue the dedicated annual tax certificates, because they no longer deduct tax!  However, the actual underlying information, i.e. the interest earned and when it was paid, is provided in routine statements, etc, which should correlate with what they submit via BBSI....

Barkin

mebu60 said:

masonic said:

A case could be made that the institutions you are a customer of (i.e. banks and building societies) should probably be providing you with the information.

Like they used to.

All of those that I use still do.

poseidon1

masonic said:

alfista said:

It is ridiculous that we (the customers) can't see the BBSI figures on-line in the HMRC system. They have the data, why can't we see it ?

It's not intended for taxpayers to see the data. It is for internal use. HMRC don't make ISA returns visible online either.

A case could be made that the institutions you are a customer of (i.e. banks and building societies) should probably be providing you with the information.

Isn't that what the year end certificates supplied by all the banks supposed to do?

Certainly that's all I rely on to complete my self assessment returns and over the last 14 years HMRC dont appear to have had any issues with my interest reporting.

gt94sss2

alfista said:

It is ridiculous that we (the customers) can't see the BBSI figures on-line in the HMRC system. They have the data, why can't we see it ?

HMRC used to allow you to see this online. However, it caused too many issues and they removed it. 

Your financial institutions should be providing you with this information instead. 

I imagine HMRC may try again at some point in future especially as the rules are changing and national insurance number will need to be added to BBSI returns making them more accurate.

masonic

poseidon1 said:

masonic said:

alfista said:

It is ridiculous that we (the customers) can't see the BBSI figures on-line in the HMRC system. They have the data, why can't we see it ?

It's not intended for taxpayers to see the data. It is for internal use. HMRC don't make ISA returns visible online either.

A case could be made that the institutions you are a customer of (i.e. banks and building societies) should probably be providing you with the information.

Isn't that what the year end certificates supplied by all the banks supposed to do?
Certainly that's all I rely on to complete my self assessment returns and over the last 14 years HMRC dont appear to have had any issues with my interest reporting.

Yes, exactly. Very few of the providers I use supply these any more, even if requested (which I used to attempt). Judging by others' comments I am not alone.

If I only declared interest from those institutions that sent me a year end certificate, I'd save a lot in tax.