Interest Received Form Checklist:Interest-Received-2024 Checklist:Interest-Received-2024 IMPORTANT FORM ESTIMATED TIME TO COMPLETE: 5 MINUTES YOUR DETAILS Your T4 Client Reference e.g. A111 (if not sure just leave blank) First Name * First name Last Name * Surname Your Email * For most submissions you will also get a copy of what you tell us, by email. BACKGROUND About Tax Returns - Interest Received Increased interest rates means that savers are receiving more interest than previously. Use this form to: a) tell us what BANK OR BUILDING SOCIETY INTEREST was credited to any of your bank or savings accounts, or b) tell us you had none, or c) tell us you will or have emailed the details seperately. UK or foreign bank interest received or credited to your bank or savings accounts must be shown on your return, no matter how small. ISA, tax exempt investments, do not go on tax returns. NOTE: Childrens Accounts - Minor children (under 18) interest received is taxable on the parent, and should be declared on the parent's tax return, IF the funds invested came from the parent. But, broadly, would be taxable on the child, (and often covered by their personal allowance) if the source of the funds invested came from someone else, e.g., a grandparent. NOTE: HMRC can fine for incorrect or incomplete tax returns, and for late paid tax. Although all interest must be included on the tax return some of the interest may be taxed at 0%. Broadly, basic rate taxpayers the first £1,000, Higher rate taxpayers the first £500 but "additional rate" taxpayers pay tax on all their interest received. If you are unsure about an income, expense, or claim, please either give us a call or make a note of your query in the "additional information" section towards the end of this checklist. TAX YEAR Tax years run from 6 April to 5 April (inclusive) Relevant Tax Year * 2023-24 (6 April 2023 to 5 April 2024)Other What Other Tax Year are you supplying information about * e.g. enter 2021-2022 (for an older year), 2023-24 (for the next year not yet finished). If you are providing for a different tax year. BANK OR BUILDING SOCIETY INTEREST Bank or building society received. If you had any interest credited to savings or accounts outside the UK that will also need to go on your tax return, except in very special cases. Was any interest credited to any of your UK bank or savings accounts in the tax year concerned? * Yes No (Or any interest-bearing accounts are tax exempt ISAs) If you answer yes 5 sections open below where you can enter up to 5 bank account detail for the tax year. Do you have any ISAs (specific Tax Free Investment accounts) * Yes - I have an ISA or ISAs No - I have no ISA accounts As you selected no to interest-bearing accounts How do you intend to provide T4 with your interest received information? * Using this form I have already emailed the details to t4.office@t4tax.com I will email the details to t4.office@t4tax.com How many UK interest bearing accounts do you have (Not ISAs)? * 1 2 3 4 5 6 7 8 More than 8 Some boxes will appear below where you can enter the details, or you can email the details t4.office@t4tax.com. The boxes below show what you need to let us have for each interest-bearing account. Do you have any OVERSEAS bank or savings accounts outside the UK? * Yes No Yes- but no interest bearing accounts How many OVERSEAS interest bearing accounts do you have (outside the UK)? * 1 2 3 4 5 6 more Brief explanation about foreign bank accounts * Please provide a brief explanation here about which country or countries overseas. We suggest you email full details to us at t4.office@t4tax.com. We will need bank details, the country and the amount credited in the OVERSEAS CURRENCY (applies even if the interest received has not been transferred to the UK). UK BANK OR BUILDING SOCIETY - 1ST ACCOUNT Tax year run from 6 April to 5 April (inclusive) Banks Name * e.g. Lloyds, HSBC etc. Sortcode e.g. 11-11-11 Account Number * usually 8 digits long Total Interest Received in the Tax Year * £ Enter as 0.00 (If a joint account enter ALL the interest we will split it) Account is in My sole name or joint names * My sole name Joint Account Who is it jointly held with? * My spouse My partner My Parent My Minor Child (under 18) My Grown up child Friend Other person(s) Name(s) Account is in e.g. your name or joint name details What is your % Share (Spouses) % 50% for Married spouses Your Taxable Share of the Interest (Spouses) £ Married spouses HMRC require joint account interest is split 50:50, i.e. 50% Enter Your % Share * % Enter % without the % sign e.g 50 for 50% Your Taxable Share of the Interest (Not spouse or Minor child) £ Result (non spouse or minor child( What is your % Share % 50% for Married spouses Your Taxable Share of the Interest £ Result sole name or minor child accounts Enter a 2nd Account? Yes, I would like to enter a 2nd account details OR, No only 1 interest bearing account applies to me UK BANK OR BUILDING SOCIETY - 2ND ACCOUNT Tax year run from 6 April to 5 April (inclusive) Banks Name * e.g. Lloyds, HSBC etc. Sortcode e.g. 11-11-11 Account Number * usually 8 digits long Total Interest Received in the Tax Year * £ Enter as 0.00 (If a joint account enter ALL the interest we will split it) Account is in My sole name or joint names * My sole name Joint Account Who is it jointly held with? * My spouse My partner My Parent My Minor Child (under 18) My Grown up child Friend Other person(s) Name(s) Account is in e.g. your name or joint name details What is your % Share (Spouses) % 50% for Married spouses Your Taxable Share of the Interest (Spouses) £ Married spouses HMRC require joint account interest is split 50:50, i.e. 50% Enter Your % Share * % Enter % without the % sign e.g 50 for 50% Your Taxable Share of the Interest (Not spouse or Minor child) £ Result (non spouse or minor child( What is your % Share % 50% for Married spouses Your Taxable Share of the Interest £ Result sole name or minor child accounts Enter a 3rd Account? Yes, I would like to enter a 3rd account details OR, No only 2 interest bearing account applies to me UK BANK OR BUILDING SOCIETY - 3RD ACCOUNT Tax year run from 6 April to 5 April (inclusive) Banks Name * e.g. Lloyds, HSBC etc. Sortcode e.g. 11-11-11 Account Number * usually 8 digits long Total Interest Received in the Tax Year * £ Enter as 0.00 (If a joint account enter ALL the interest we will split it) Account is in My sole name or joint names * My sole name Joint Account Who is it jointly held with? * My spouse My partner My Parent My Minor Child (under 18) My Grown up child Friend Other person(s) Name(s) Account is in e.g. your name or joint name details What is your % Share (Spouses) % 50% for Married spouses Your Taxable Share of the Interest (Spouses) £ Married spouses HMRC require joint account interest is split 50:50, i.e. 50% Enter Your % Share * % Enter % without the % sign e.g 50 for 50% Your Taxable Share of the Interest (Not spouse or Minor child) £ Result (non spouse or minor child( What is your % Share % 50% for Married spouses Your Taxable Share of the Interest £ Result sole name or minor child accounts Enter a 4th Account? Yes, I would like to enter a 4th account details OR, No only 3 interest bearing account applies to me UK BANK OR BUILDING SOCIETY - 4TH ACCOUNT Tax year run from 6 April to 5 April (inclusive) Banks Name * e.g. Lloyds, HSBC etc. Sortcode e.g. 11-11-11 Account Number * usually 8 digits long Total Interest Received in the Tax Year * £ Enter as 0.00 (If a joint account enter ALL the interest we will split it) Account is in My sole name or joint names * My sole name Joint Account Who is it jointly held with? * My spouse My partner My Parent My Minor Child (under 18) My Grown up child Friend Other person(s) Name(s) Account is in e.g. your name or joint name details What is your % Share (Spouses) % 50% for Married spouses Your Taxable Share of the Interest (Spouses) £ Married spouses HMRC require joint account interest is split 50:50, i.e. 50% Enter Your % Share * % Enter % without the % sign e.g 50 for 50% Your Taxable Share of the Interest (Not spouse or Minor child) £ Result (non spouse or minor child( What is your % Share % 50% for Married spouses Your Taxable Share of the Interest £ Result sole name or minor child accounts Enter a 5th Account? Yes, I would like to enter a 5th account details OR, No only 4 interest bearing account applies to me UK BANK OR BUILDING SOCIETY - 5TH ACCOUNT Tax year run from 6 April to 5 April (inclusive) Banks Name * e.g. Lloyds, HSBC etc. Sortcode e.g. 11-11-11 Account Number * usually 8 digits long Total Interest Received in the Tax Year * £ Enter as 0.00 (If a joint account enter ALL the interest we will split it) Account is in My sole name or joint names * My sole name Joint Account Who is it jointly held with? * My spouse My partner My Parent My Minor Child (under 18) My Grown up child Friend Other person(s) Name(s) Account is in e.g. your name or joint name details What is your % Share (Spouses) % 50% for Married spouses Your Taxable Share of the Interest (Spouses) £ Married spouses HMRC require joint account interest is split 50:50, i.e. 50% Enter Your % Share * % Enter % without the % sign e.g 50 for 50% Your Taxable Share of the Interest (Not spouse or Minor child) £ Result (non spouse or minor child( What is your % Share % 50% for Married spouses Your Taxable Share of the Interest £ Result sole name or minor child accounts Enter a 6th Account? Yes, I would like to enter a 6th account details OR, No only 5 interest bearing account applies to me UK BANK OR BUILDING SOCIETY - 6TH ACCOUNT Tax year run from 6 April to 5 April (inclusive) Banks Name * e.g. Lloyds, HSBC etc. Sortcode e.g. 11-11-11 Account Number * usually 8 digits long Total Interest Received in the Tax Year * £ Enter as 0.00 (If a joint account enter ALL the interest we will split it) Account is in My sole name or joint names * My sole name Joint Account Who is it jointly held with? * My spouse My partner My Parent My Minor Child (under 18) My Grown up child Friend Other person(s) Name(s) Account is in e.g. your name or joint name details What is your % Share (Spouses) % 50% for Married spouses Your Taxable Share of the Interest (Spouses) £ Married spouses HMRC require joint account interest is split 50:50, i.e. 50% Enter Your % Share * % Enter % without the % sign e.g 50 for 50% Your Taxable Share of the Interest (Not spouse or Minor child) £ Result (non spouse or minor child( What is your % Share % 50% for Married spouses Your Taxable Share of the Interest £ Result sole name or minor child accounts Enter a 7th Account? Yes, I would like to enter a 7th account details OR, No only 6 interest bearing account applies to me UK BANK OR BUILDING SOCIETY - 7TH ACCOUNT Tax year run from 6 April to 5 April (inclusive) Banks Name * e.g. Lloyds, HSBC etc. Sortcode e.g. 11-11-11 Account Number * usually 8 digits long Total Interest Received in the Tax Year * £ Enter as 0.00 (If a joint account enter ALL the interest we will split it) Account is in My sole name or joint names * My sole name Joint Account Who is it jointly held with? * My spouse My partner My Parent My Minor Child (under 18) My Grown up child Friend Other person(s) Name(s) Account is in e.g. your name or joint name details What is your % Share (Spouses) % 50% for Married spouses Your Taxable Share of the Interest (Spouses) £ Married spouses HMRC require joint account interest is split 50:50, i.e. 50% Enter Your % Share * % Enter % without the % sign e.g 50 for 50% Your Taxable Share of the Interest (Not spouse or Minor child) £ Result (non spouse or minor child( What is your % Share % 50% for Married spouses Your Taxable Share of the Interest £ Result sole name or minor child accounts Enter a 8th Account? Yes, I would like to enter a 8th account details OR, No only 7 interest bearing account applies to me UK BANK OR BUILDING SOCIETY - 8TH ACCOUNT Tax year run from 6 April to 5 April (inclusive) Banks Name * e.g. Lloyds, HSBC etc. Sortcode e.g. 11-11-11 Account Number * usually 8 digits long Total Interest Received in the Tax Year * £ Enter as 0.00 (If a joint account enter ALL the interest we will split it) Account is in My sole name or joint names * My sole name Joint Account Who is it jointly held with? * My spouse My partner My Parent My Minor Child (under 18) My Grown up child Friend Other person(s) Name(s) Account is in e.g. your name or joint name details What is your % Share (Spouses) % 50% for Married spouses Your Taxable Share of the Interest (Spouses) £ Married spouses HMRC require joint account interest is split 50:50, i.e. 50% Enter Your % Share * % Enter % without the % sign e.g 50 for 50% Your Taxable Share of the Interest (Not spouse or Minor child) £ Result (non spouse or minor child( What is your % Share % 50% for Married spouses Your Taxable Share of the Interest £ Result sole name or minor child accounts More than 8 interest bearing accounts? I have more than 8 interest bearing accounts (excluding ISA accounts) OR, I have more than 8 interest bearing accounts MORE THAN 8 INTEREST BEARING ACCOUNTS Either enter further details here or email the additional details to t4.office@t4tax.com TOTAL UK INTEREST ENTERED TOTAL (BEFORE SPLITS) (Up to 1st 8 UK accounts) MY TOTAL SHARE (AFTER SPLITS) (Up to 1st 8 UK accounts) Comment (Rate of Tax Payable) Basic rate taxpayers pay 0% tax on 1st £1000 of their share of interest. Higher rate taxpayers the threshold is £500 and "additional rate" taxpayers on all interest received. ANY OTHER INFORMATION (Optional) Please enter any other information that might be relevant here, Thank you. UPLOADS (optional) In this section you can upload documents to help us with your tax return preparation or alternatively you can share these with us via email to t4.office@t4tax.com or via WhatsApp. File Uploads (alternatively you can email documents to t4.office@t4tax.com) Drop a file here or click to upload Choose File Maximum file size: 8MB Types, jpg, jpeg, PNG or PDF only. Max file size per file 8MB, max number of files you can add is 10. FEEDBACK How easy did you find this form to deal with? star star_full 1 Star star star_full 2 Stars star star_full 3 Stars star star_full 4 Stars star star_full 5 Stars 1 star = very difficult to 5 stars = easy FEEDBACK, comments or suggestions (if any) AGREEMENT & SIGN We need your agreement to the following: * GDPR (Data and Privacy) - I agree to submitting and sharing information via this website We need your agreement to the following: * I understand that if I do not provide T4 with all the relevant income and expense or relief information my tax return could be incorrect and HMRC can fine me for incorrect or incomplete tax returns. We need your agreement to the following: * T4 use MailChimp.com if we need to send emails globally to all clients, or groups of clients. I consent to this submission automatically adding or updating my email address in T4's MailChimp.com account. (We or you can remove it later if you cease to be a client, for example). Signature * Clear PLEASE ALLOW 30 SECONDS for the form to submit. MAKE SURE ALL RED * Questions ARE ANSWERED. Your will get submission confirmation or by redirected to anything not completed. Click to Submit If you are human, leave this field blank. Thank YouOur checklists are useful tools for ensuring up to date accurate information
