littonowl
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Post by littonowl on Aug 14, 2018 16:14:52 GMT
Word of warning, but I'd be wary of assuming Unbolted's Tax statement is accurate. My breakdown appears way out, certainly compared to the interest I've recorded as being received each month. Anyone else find their figures don't bear any resemblance to Unb's?
I note Unb state that 'Although we have made every effort to ensure the accuracy of these figures, we cannot provide any guarantee. Please note that Unbolted cannot be held liable for any use of, or the inability to use, this information.'
Bit of a cop out if you ask me, but then again, I guess I should be used to that by now from this industry.
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IFISAcava
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Post by IFISAcava on Aug 14, 2018 16:28:46 GMT
Word of warning, but I'd be wary of assuming Unbolted's Tax statement is accurate. My breakdown appears way out, certainly compared to the interest I've recorded as being received each month. Anyone else find their figures don't bear any resemblance to Unb's? I note Unb state that ' Although we have made every effort to ensure the accuracy of these figures, we cannot provide any guarantee. Please note that Unbolted cannot be held liable for any use of, or the inability to use, this information.' Bit of a cop out if you ask me, but then again, I guess I should be used to that by now from this industry. accrued versus actually paid interest?
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littonowl
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Post by littonowl on Aug 14, 2018 19:44:47 GMT
Word of warning, but I'd be wary of assuming Unbolted's Tax statement is accurate. My breakdown appears way out, certainly compared to the interest I've recorded as being received each month. Anyone else find their figures don't bear any resemblance to Unb's? I note Unb state that ' Although we have made every effort to ensure the accuracy of these figures, we cannot provide any guarantee. Please note that Unbolted cannot be held liable for any use of, or the inability to use, this information.' Bit of a cop out if you ask me, but then again, I guess I should be used to that by now from this industry. accrued versus actually paid interest? Don’t think so, as I recorded my interest paid figure at the end of each month on a spreadsheet and the Unbolted figure is way below these tallies..
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Post by dan1 on Aug 14, 2018 20:10:51 GMT
I've not confirmed this since the end of the tax year but mine is accurate to within a pound. The differences are not due to rounding but accurate enough not to investigate any further.
Have you separated "taxable interest" from "other income", i.e. fees in lieu of interest received from sharia compliant pawn loans?
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IFISAcava
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Post by IFISAcava on Aug 14, 2018 21:09:38 GMT
accrued versus actually paid interest? Don’t think so, as I recorded my interest paid figure at the end of each month on a spreadsheet and the Unbolted figure is way below these tallies.. Interest is only actually paid when the loans are repaid after (mostly) 6 months - whereas the figures in the Unbolted downloadable spreadsheet (which accrue daily) include accrued interest. My tax statement was way below the totals shown because the interest hadn't actually been paid as of April 5 2018.
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upland
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Post by upland on Aug 15, 2018 6:30:23 GMT
I usually just go by the bit of paper that the website generates and I keep a copy. I dont suppose (hope) that its not far from reality. Hence I got a bit stressed when Unbolted revised their returns last year well after I had submitted my tax return. I dont want to get on the wrong side of HMRC.
I would say that if they do not know then I am not sure who does , I doubt that I would certainly not have the information to create an accurate figure. Shouldnt that be part of full FCA regulatory permissions ?
I feel sometimes that some of these type of p2p platforms need a lot of additional attention that is becoming unwelcome. I.e. having to be on the website at a certain time in order to get the best loans and to keep up to speed with events and to handle all their different nuances.... Its all time and if the returns are not there as they are often not because its daft to put too much with them (Collateral!!!).
If I have to calculate my own tax return figure it would make more sense to dump the lot into Ratesetter.
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r00lish67
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Post by r00lish67 on May 8, 2019 9:33:17 GMT
I may just be having a moment here, but I can't for the life of me find my tax statement on unbolted, or even a list of transactions on my account. Anyone else having the same difficulty?
Unless I am just being totally blind, the only explanation I can think of is maybe it's that I currently have zero cash/holdings on the platform, so maybe the platform decided I don't need it?
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p2pmark
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Post by p2pmark on May 8, 2019 9:56:18 GMT
It's about half way down them home page for me.
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upland
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Post by upland on May 8, 2019 12:55:14 GMT
It's about half way down them home page for me. Same for me.
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