Donate SIGN UP

Form R 85

Avatar Image
kjn2 | 20:44 Sat 03rd Jul 2010 | Business & Finance
2 Answers
If the interest period is from the 16.12.09 to the 16.6.10 and the form R 85 was signed on the 13th April 2010 does the bank deduct tax up to the date the R85 was signed or do they not deduct any tax as the interest was paid on the16th June 2010 i.e. after the form R85 was signed.
Thanks
Gravatar

Answers

1 to 2 of 2rss feed

Best Answer

No best answer has yet been selected by kjn2. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
I'm pretty sure the relevant date is the date on which ithe interest was paid. If the R85 was in place then it should be tax free, provided you were still a non-tax payer as at that date.
But check with the HMRC to be sure
Question Author
You have confirmed my thinking ,( interest should have been paid gross,) have checked the HMRC site and this seems to confirm also. in their roundabout ways of explaining
Many Thanks

1 to 2 of 2rss feed

Do you know the answer?

Form R 85

Answer Question >>