27 Sep Interest received shown in SA Tax Returns
Could I ask all clients to be careful to provide us with full and complete information on interest received on bank accounts and similar for their tax returns. Whilst this may seem trivial and the amounts are generally small, HMRC already have this information as they receive it directly from the banks, but they are using incorrect information in the tax return as a reason to start an enquiry.
So it is important that you do provide full & complete information no matter how small the amounts.
This post is necessarily brief and is for general guidance only and does not constitute advice. You should always ask for specific advice based upon your own circumstances.