When will annual income statements be updated?

Unfortunately different people have different circumstances.
Last tax year I was a non tax payer (although I will be in future years). Because this situation was temporary, I didn't bother to declare that fact to my tax paying accounts. I therefore have tax to reclaim and wish to do that ASAP.

Pity it wasn't this tax year as bank's are not deducting interest.

I accept that my circumstances are probably unusual but TBH, in this day and age with computer transactions, I see no reason why Tax statements shouldn't be available after the last payment of the previous year has been processed.

Hi Spiral,

Its not really definitive as statements do not have a date on them as such but i've just checked my old statements and the dates of creation of the file says the following

2010/11   25th Apr 2011
2011/12   1st May 2012
2012/13   14th Apr 2013
2013/14   11th april 2014
2014/15   2nd may 2015

previous ones I didn't save

Allowing for the fact I didn't access them until after they were generated it seems to me that you can hopefully expect them sooner than I thought. Just keep an eye out over then next week or 2.

You could of course ask zopa direct by email if you really wanted a definitive answer.

I managed to download one last week though can't quite remember how I did it... oh yeah I used the "tax year to date option" and as it was after repayments had been made on the 5th it gave me the whole tax year...but won't work now. One to remember for next year if you're in a hurry tho ! 

For the first time I had to fill out my Tax Return (on-line as it happens) as I've always sent a letter as some others have done, but I noticed when I did it that amounts less than a pound were ignored when I put my own figures in, so 99pence gets rounded to zero, as far as I can see they aren't interested in these small figures. But if you lent on Zopa, RS and perhaps some other untaxed interest income and this added up to more than 99pence they would expect to be told.

But as the we now have the new Savings Allowance (zopa's blog entry here) and the new P2P Bad Debt Relief I was happy to fill in a Return and find out how to do it as it seems it will be a lot easier to do these new things on line in future (for some reason I have the idea that to uses these or claim them you had to be on-line, but that seems unreasonable to me). So if you intend to continue to lend and earn more than £0.99...


spiral I've not checked but I did get two small sums paid to me a few months apart that were related to the double loans thingy that happened, if you remember this was where Zopa RR-ed a whole series of loans in most, if not all, loan books and then immediately bought them back at a slightly lower rate. I can't remember if I had hundreds or a thousand loans that Zopa did this to, but Zopa paid us what I took to be compensation for the drop in rate, in the scheme of things it was not a great deal of money so it might just account for a very small unexpected rise in your apparent income. Can anyone else remember the details? PS(actually I'm not certain what tax year that happened in)

I've been downloading monthly statements since day one and during the tax year (2015/16) I could not make things add up properly so I downloaded the years worth again and got a shock that some of the statements had changed from those i downloaded earlier in the year. I'm assuming that the RR debarcle and the missed periods of early adopter bonus etc was the cause of this. Bit worrying though that perhaps other years have been changed as well! 

So I guess if you want this to be accurate as possible and if like me download them at the end of the month then it might be prudent to download them again. 

I also notice that the new statements page, not sure which one but its the one where you can select "tax year to date", is a little bit annoying in that there is a link to create the tax data for the current! year but not for the previous year - this of course begs the question what use is it for the current year unless you catch it exactly on the 5th April perhaps. The report it creates looks quite officious so hopefully Zopa are going to develop this further to allow previous tax years to be created on the fly perhaps.

Just noticed that the 2015/16 statement has arrived for me - not sure about its validity yet but more later

On the Statements screen I got the following on the right hand side.

"Your 2015/16 annual income statement is available now."


The link it points to is 

   "https://secure2.zopa.com/lender/statement/standard?date=previous_tax_year"

and it is also at the bottom of the "showing: List" as "2015/16 Tax year"

Ok so its available but its not like the previous years statement some bits are understandable but there are 3 numbered items at the bottom that are not referenced in the statement as in previous years. Also the actual amount to declare to the HMRC is not defined as far as I can tell the earning figure shown has removed bad debt which item 2 suggests is not recoverable. 

Be interested what others think as at the moment my questions to zopa seem to be impossible for them to answer in a fashion that makes sense so this one may stump them too. I just wish they would stop creating reports and summaries that seem incorrect or nonsense without all the valid information. 

The text below the statement button suggests that one can create a pdf but it justs goes straight to print which I guess if you use chrome has a create PDF option or if you have PDF creator might be true.