bubbly
04-05-2008, 01:08 PM
I'm ploughing through my first ever tax return & was getting on ok until reaching the part about 'Other Income: Uk interests & dividends'.
In box 1 you have to fill in your bank/building society interest/amounts which have been taxed already.
My problem is this: I was employed in an office until Nov 30th 2007 and began minding on Dec 3rd 2007. However, my accounts run from 6th April 2007 until 5th April 2008. I was buying equipment in April '07 so started my accounts from then.
Do I fill in box 1 with the taxable interest from Dec 3rd - 5th April (when I began minding) or do I fill it in with the taxable interest from when my accounts began i.e. 6th April 2007 - 5th April 2008?
I should imagine the answer will be from when my accounts began but can someone with experience clarify for me?
Thankies,
Lynne xxx
In box 1 you have to fill in your bank/building society interest/amounts which have been taxed already.
My problem is this: I was employed in an office until Nov 30th 2007 and began minding on Dec 3rd 2007. However, my accounts run from 6th April 2007 until 5th April 2008. I was buying equipment in April '07 so started my accounts from then.
Do I fill in box 1 with the taxable interest from Dec 3rd - 5th April (when I began minding) or do I fill it in with the taxable interest from when my accounts began i.e. 6th April 2007 - 5th April 2008?
I should imagine the answer will be from when my accounts began but can someone with experience clarify for me?
Thankies,
Lynne xxx