Catrina Money Posted May 29, 2007 Share Posted May 29, 2007 Please could someone clarify which box(s) on Form 2042 I should enter the interest I have received from my French bank savings and current accounts.Also, am I right in thinking that my total UK bank account interest goes into box TS on the same form?Thanks!! Link to comment Share on other sites More sharing options...
Clair Posted May 29, 2007 Share Posted May 29, 2007 Re French interest: box TRSorry, I cannot help re UK interest. Link to comment Share on other sites More sharing options...
allanb Posted May 29, 2007 Share Posted May 29, 2007 [quote user="Hilly"]Am I right in thinking that my total UK bank account interest goes into box TS on the same form?[/quote]Yes. Link to comment Share on other sites More sharing options...
Catrina Money Posted May 29, 2007 Author Share Posted May 29, 2007 Many thanks - problem solved!!! Link to comment Share on other sites More sharing options...
Benjamin Posted May 29, 2007 Share Posted May 29, 2007 [quote user="Clair"]Re French interest: box TRSorry, I cannot help re UK interest.[/quote]Clair you understand French better than me [:D] but if the bank have already deducted tax shouldn't the amount go into box EE on form 2042?The certificate Justificatif Fiscal A Conserver - Annee 2006 which I have recently received from C A indicates that it should go in EE if tax has already been deducted.This certificate is for interest paid in December 2005 which threw mw a bit as I'd entered it on 2006's return and got it in the wrong place (box TS) and ended up paying social charges and tax twice. As it was only a small amount I didn't bother trying to correct it with the tax office.What I still can't quite understand is why I didn't get this certificate until this yesr. Needless to say I haven't entered it again. [:P] Link to comment Share on other sites More sharing options...
Clair Posted May 29, 2007 Share Posted May 29, 2007 Hi BenjaminThe justificatif I have received from ING shows a copy of the tax form with the interest received entered in box TR.The tax is not deducted at source. Link to comment Share on other sites More sharing options...
Benjamin Posted May 29, 2007 Share Posted May 29, 2007 [quote user="Clair"]Hi BenjaminThe tax is not deducted at source.[/quote]So that's the difference then?I think it was you who last year told us to ask the bank to pay gross or suffer the notional tax deduction of 16%. Link to comment Share on other sites More sharing options...
Clair Posted May 29, 2007 Share Posted May 29, 2007 I should have said my tax is not deducted at source.Yes it was me who brought the deadline to the members'attention (this thread and this one too)I did not tell anyone to do anything. Link to comment Share on other sites More sharing options...
Benjamin Posted May 29, 2007 Share Posted May 29, 2007 Sorry Clair [:D]I'll change that line to:-I think it was you who last year advised us of the impending change in legislation. Link to comment Share on other sites More sharing options...
Clair Posted May 29, 2007 Share Posted May 29, 2007 and you're right! [:)]The first link above refers to the deadline and the second link refers to the changes which will tax at source from 2007. Link to comment Share on other sites More sharing options...
Crevette Posted May 31, 2007 Share Posted May 31, 2007 If your bank has taken tax then it needs to go into EE as stated (my ING Direct statement shows this).Does anyone know if you then pay social charges on this as well?-Rob- Link to comment Share on other sites More sharing options...
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