After hearing from people who are worried they might exceed their savings allowances and are unsure what they need to do to declare the interest they receive and pay what is due, Stokes believes that you should report your savings income to HMRC yourself. Below we explain how to report savin...
This is adjusted to remove any capital gains and to include any relevant income, such as effective interest, which is not recognised in the fund accounts. The reportable income is also adjusted for any distributions made by the fund in respect of the year. What about funds of funds? For mu...
The financial information to be reported with respect to reportable accounts includes all types of investment income (including interest, dividends, income from certain insurance contracts and other similar types of income) but also account balances and sales proceeds from financial assets. The financial...