Letter from the INLAND REVENUE!

[notescontractor]

Thanks for your replies!!! I now feel a lot happier.
I thought IR35 maybe on the way.

How long did it take for your banks to put together the interest certificates?

Many thanks

[threaded]

Don't be worried, this is just standard procedure because they have noticed you didn't provide all the information.

Just send them the information - promptly - but only what they have asked for. Don't give them a list of all transactions through the accounts, i.e. if they just want the account names & interest income certificate then that is all they need.

WHS

Don't give them more than they ask for as it will only give them an excuse to create more work for themselves.

[blacjac]

Thanks for your replies!!! I now feel a lot happier.
I thought IR35 maybe on the way.

How long did it take for your banks to put together the interest certificates?

Many thanks

I request mine online with HSBC, they have allways arrived within a week.

[BrilloPad]

I hate banks that charge for end of year certificates. W**kers.......

[KentPhilip]

Can't you just go through all your old bank statements and tot up the interest payments?, so no need for a certificate?

[suityou01]

Can't you just go through all your old bank statements and tot up the interest payments?, so no need for a certificate?

Yes. That would do.

[d000hg]

I thought many banks automatically deducted tax from your interest? I'm sure I had an account once that did something along this line.

[Cyberman]

I thought many banks automatically deducted tax from your interest? I'm sure I had an account once that did something along this line.

They do, at 20% !!! However, if you have gone over the 20% band then you need to pay tax at the higher rate.

[Alf W]

Shares in ISAs and cash all in accounts offset against my mortgage. Gordon Brown, Alastair Darling, HMRC you can kiss my

[BrilloPad]

I have just received a letter from the INVAND revenue saying that i did not declare interest income on my 2006-2007 tax return. They have now asked me for a list of all bank accounts that i held during this period. They have also asked for certificates confirming the interest received during this period.

Is this something to be worried about? The letter states that they hold information which suggest I should have paid tax. Can the IR see what I have in my bank account?

Has anyone else experienced something similar to this before and what was the outcome.

Thanks again.

Happened to a friend of mine. His wife and children were sold into slavery : and he spent the rest of his life in prison sharing a cell with bubba.