tonyb
New Member
Posts: 2 
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Post by tonyb on May 30, 2016 15:50:35 GMT
How do you calculate the interest paid for a given period for a tax return? With Assetz Capital and Funding Circle I can download a tax statement for a given period. I can't find any such option with Moneything. There doesn't seem to be an easy way to work out what interest was paid when or am I missing something?
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treeman
Member of DD Central
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Post by treeman on May 30, 2016 15:55:18 GMT
How do you calculate the interest paid for a given period for a tax return? With Assetz Capital and Funding Circle I can download a tax statement for a given period. I can't find any such option with Moneything. There doesn't seem to be an easy way to work out what interest was paid when or am I missing something? Select ACCOUNT at the top after login - then TAX STATEMENT from the options on the blue line - simples ! 
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tonyb
New Member
Posts: 2
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Post by tonyb on May 30, 2016 15:58:23 GMT
Thank you. I just sat here for 20 minutes clicking on all the links but missed that one. Should have gone to Spec Savers |
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alanp
Member of DD Central
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Post by alanp on Jun 1, 2016 11:15:01 GMT
Quick question - Cashback does not need to be declared does it?
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SteveT
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Post by SteveT on Jun 1, 2016 11:30:26 GMT
Quick question - Cashback does not need to be declared does it? I doubt MT is permitted to give a definitive answer (nor am I) but other platforms, including FC, regard it as a lender incentive and exclude it from their tax statements.
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alanp
Member of DD Central
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Post by alanp on Jun 1, 2016 11:39:23 GMT
Thanks Steve, realise it is not HMRC advice / guidance you are giving but makes sense to me as it aligns with bank account opening incentives and the like.
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oldgrumpy
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Post by oldgrumpy on Dec 4, 2016 14:51:31 GMT
Call me "Silly" (there's an invitation!) but can someone tell what the "adjustment" is at the foot of my 2015-16 tax statement? Ta! Edit: I find that I made a purchase for £300 on 5 April 2016. Does that mean the tax statement had already been generated before that purchase was updated to the account (next day?), and the adjustment is to avoid changing figures I had already recorded, so it does not affect my actual taxable interest? Attachments:
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ianj
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Post by ianj on Dec 4, 2016 15:46:53 GMT
Call me "Silly" (there's an invitation!) but can someone tell what the "adjustment" is at the foot of my 2015-16 tax statement? Ta! Edit: I find that I made a purchase for £300 on 5 April 2016. Does that mean the tax statement had already been generated before that purchase was updated to the account (next day?), and the adjustment is to avoid changing figures I had already recorded, so it does not affect my actual taxable interest? Had me puzzled for a while too, but the answer was flippin' obvious when I thought about it! 
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