Problem
Posted: Tue Aug 17, 2010 10:41 am
Hiya
My husband is due to Apply for his ILR Jan 2011. I was just reading a post on here and I felt a shiver down my spine. My husband and I both opened savings accounts last year when we were not earning very much and both completed an R85 form to recieve interest with no tax deducted. We both got rises in pay so our incomes have gone up. Our savings accounts are due to mature soon and I completely forgot to inform the bank about recieving our interest net as we are now earning above the tax threshold.
I wont be in time to inform them to deduct the tax so will this show up when my husband applies for ILR? I dont want home office to think we are commiting tax evasion when it is accidental. We pay tax on all our earnings and this was purely an oversight on my part.
I would be so grateful if somebody could advise.
Many thanks.
My husband is due to Apply for his ILR Jan 2011. I was just reading a post on here and I felt a shiver down my spine. My husband and I both opened savings accounts last year when we were not earning very much and both completed an R85 form to recieve interest with no tax deducted. We both got rises in pay so our incomes have gone up. Our savings accounts are due to mature soon and I completely forgot to inform the bank about recieving our interest net as we are now earning above the tax threshold.
I wont be in time to inform them to deduct the tax so will this show up when my husband applies for ILR? I dont want home office to think we are commiting tax evasion when it is accidental. We pay tax on all our earnings and this was purely an oversight on my part.
I would be so grateful if somebody could advise.
Many thanks.