Interest from UK banks etc

This screen can be accessed from the data input tab within the tax return and allows for the entry of interest received from banks, building societies and other deposit takers. Interest received from Gilts, accrued income etc is entered on a separate screen see Interest from Gilts etc

Untaxed UK Interest etc

Use this grid to enter details of interest received gross.

  • Description‘ Enter a description of the source, such as the bank name and account details, this does not appear on the tax return it is for memo purposes only
  • Amount’ Enter the total gross receipt.

Taxed UK Interest etc

Use this grid to enter details of interest receipts that have been taxed at source.

  • Description‘, Enter a description of the source, such as the bank name and account details, this does not appear on the tax return it is for memo purposes only
  • Net‘, Enter the net receipt. The expected tax paid will then be calculated and displayed.
  • Tax‘ The amount of tax can be overridden.

The tax entered is ignored by the HMRC calculations which will use a rounded up figure of tax based on the total rounded net interest.

To delete a line from the grid, click the ‘trash can’  button at the end of the line.

Additional text note

Enter any additional white space notes that you wish to be included on the tax return.

Using income losses against capital gains

Firstly, please ensure that you are making the best use of the losses before proceeding. Select the Capital gains tab from the data input screen Click on the Disposals tab, and enter the relevant information Click on the Capital Losses tab, and enter the amount of loss that you wish to set off against the […]

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Restricting access to clients

This feature is only available for multiuser accounts, it has been designed so that you can restrict user access for certain clients if required. Users with “edit client access” rights AND who have access to a client can assign or remove access rights via the Access tab on the client screen. The default is that […]

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User restrictions within Taxfiler

This function is only available for a multiuser license. Some functions within Taxfiler can be restricted from a user. From the SETTINGS icon select Users and select the user that you wish to edit Select Restrictions tab You will be presented with several functions which can be selected or removed via a tick box. For […]

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