More clients to complete tax returns after interest rule change, IFA warns
Bills must be paid by 31 January
Changes to the way interest is taxed mean more people will have to complete a tax return and pay their bills by 31 Jan
Changes to the way interest is taxed mean more people will have to complete a tax return and pay their bills by 31 January next year, national IFA LEBC Group has said.
The firm said as tax on interest is no longer deduced at 20% by banks and building societies taxpayers need to inform HM Revenue & Customs (HMRC) and pay any tax due on savings interest by the end of January,...
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