are banks legally required to provide customers with a tax statement showing interest received in the tax year
they used to automatically issue and were always able to respond to written requests
seems that neither are now the norm or being honored - is there a legal requirement [ afterall they submit the same tax info to HMRC ? ]
Replies (2)
Please login or register to join the discussion.
On written request
The relevant legislation is s.975 ITA 2007, but note sub-section (2):
(2) If the recipient requests it in writing, the person must provide the recipient with a statement ...
To be fair ......
..... some banks have always issued them without request, others haven't.
As Euan says, the requirement is to "provide on request".