Last year for the first time ever I bought several NS&I guaranteed income bonds, each paying interest monthly on different dates.
On going to complete my self-assessment return, I noticed that the annual statements from NS&I do not finish at the end of the tax year but rather on 8 April.
Two of my income bonds paid out on the 6th and 7th of April, so these amounts are shown on the annual statements.
I'm guessing that HMRC will rely on NS&I's reporting for the amounts it has paid me in 2023-24, so do I include these payments on my tax return or stick to reporting what I really received up to the end of the tax year?
The less interaction I have with HMRC the better as far as I'm concerned.
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NS&I bonds statement date different to end of tax year date.
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- The full Lemon
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Re: NS&I bonds statement date different to end of tax year date.
Does NS&I not send out consolidated tax certificates in the same way as other savings providers do?
I thought they were required to for interest amounts above a low minimum.
I thought they were required to for interest amounts above a low minimum.
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- Lemon Half
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Re: NS&I bonds statement date different to end of tax year date.
I'd report what you actually received and when you received it.
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- Lemon Quarter
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Re: NS&I bonds statement date different to end of tax year date.
Lootman wrote:Does NS&I not send out consolidated tax certificates in the same way as other savings providers do?
I thought they were required to for interest amounts above a low minimum.
AFAIAA the requirement to send a tax certificate ended when the banks stopped paying interest net of tax. Some institutions continue to send the same certificate, some now send an annual statement of interest. NS&I do neither. You just have to find your periodic statements and add up the amounts across all accounts.
Unless anyone knows better?
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