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Tax return and bank interest

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    #11
    One year post SA I had a letter from the IR asking if I had any savings accounts I wanted to declare. I told them no, they sent another letter asking if I were sure. Turns out I had 3k in an account I hadnt declared and they knew about it.
    The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

    But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

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      #12
      I just leave the fecker off. You think I actually have + £'s in my personal account.

      Its all in the company account @ 6% hiding from el gordo while I abuse the remains of my £3k interest free student overdraft.

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        #13
        Originally posted by Sockpuppet View Post
        I just leave the fliper off. You think I actually have + £'s in my personal account.

        Its all in the company account @ 6% hiding from el gordo while I abuse the remains of my £3k interest free student overdraft.
        Is this a real business account or a pseudo company account? 6% seems a bit tasty for a reserve account or even a money market linked account.

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          #14
          Originally posted by crack_ho View Post
          Is this a real business account or a pseudo company account? 6% seems a bit tasty for a reserve account or even a money market linked account.


          Feck knows. 6% was just a figure I made up. But you get the idea.

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            #15
            Originally posted by Sockpuppet View Post
            I just leave the fliper off. You think I actually have + £'s in my personal account.

            Its all in the company account @ 6% hiding from el gordo while I abuse the remains of my £3k interest free student overdraft.
            Do you think that you don't pay tax on this 6%?

            tim

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              #16
              Originally posted by tim123 View Post
              Do you think that you don't pay tax on this 6%?

              tim
              Not if I can find some "legitimate" expenses etc.

              Even if I did 20% of interest on £3k is more than I would get by paying off a £3k interest free overdraft.

              First year I was at Uni I got a interest free overdraft from Natwest. Paid it into a nice earner ISA for a year. At end of the year took it out and paid it off. They didn't let me have one the year after for some reason.

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