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Posted Fri, 06 Dec 2024 18:05:18 GMT by Lloydsnakelifts
I usually get a letter/email from HMRC by September stating how much tax I owe on the Interest I got from my bank accounts. It is now December and I have not got the amount in tax I owe. I have spoken to some friends and they are in the same situation. It is now December and many of us want to know how much tax we owe HMRC on our Interest. People budget and need to plan in advance. When will we get the amount of tax owed on interest? Also, do not say the high interest rates mean more people have to pay and so there is a backlog. This has been known for over 12 months and HMRC should have anticipated this.
Posted Fri, 03 Jan 2025 10:22:36 GMT by HMRC Admin 21 Response
Hi,
Its not something that we can answer on this forum, as there is no set date for the tax calculations you mention, it is dependant on when we have all the information from bank & building societies on record which can vary. In this circumstance it would be better to contact our helpline and we can see if it is ready to issue and if not what is missing - Income Tax: general enquiries.
Thank you.

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