E 105 (edit should be R 105)

[woolybanana]

Has anyone experience of using the E105 form to get interest payments made gross, svp? Can it be used immediately, on trust, or does one need to wait months to get clearance from the Revenue? Do most building societies accept it or is there a palaver to go through?

Thanks.

[AnOther]

I don't think you mean E105 but R85

E105 http://www.healthcare-france.com/index.php?/Moving-to-France/Understanding-E-forms/All-E-Forms-Available.html

R85 http://www.hmrc.gov.uk/forms/r85.pdf

[woolybanana]

Oh *ugger, you are quite right. How on earth did I do that? Must be getting even more senile. [:D]

[Sunday Driver]

I think you mean this:

Form R85 - Getting your interest without tax taken off . 

It's basically a simple self certification that you are entitled to payment of interest without deduction of UK income tax.  However, not all banks/building societies are prepared to accept them so you'd need to speak with your own. If they don't, then you can reclaim any tax paid via an annual declaration through HMRC.

 

[woolybanana]

Thanks SD. And if one is non-resident for tax purposes?

[Sunday Driver]

Same arrangement applies.

 

[AnOther]

[quote user="Sunday Driver"]I think you mean this:

Form R85 - Getting your interest without tax taken off .

[/quote]

Was there something wrong with my link to that same document one post earlier [8-)]

[woolybanana]

Not at all Ernie, but the form seemed to apply only to residents and I was checking that it was applicable to those Brits who are not resident for tax purposes. But as you see, my banana brain has got clogged up today so I may have missed something.

R 105 is what I should have written I think.

[AnOther]

We woz both wrong then [:$]

I must say that when this topic has come up before the R85 is the form people have been directed to and R105 is a new one on me.

[woolybanana]

Well, I have not lived or been taxed in UK for over 15 years now and pay my wack in France and before that Belgium, so I reckon it has to be the R105 as I do fit the criteria much better.

[JohnFB]

R105 is the one I used. Lodged it with the bank who eventually accepted it and paid interest gross.

JFB

[woolybanana]

Thank you John. Did the bank take some time to pay gross?

[JohnFB]

Yes, but not too bad. But I was able to bypass the numpties in the call center who read from a script and are instructed not to pass issues up the line. Some one who i had had dealings with over years at the bank followed it up and she said it was difficult. But i had only recently left the UK, so for you it might be easier. They do try and push you to offshore accounts where they can charge higher fees. Calm obstinate persistence are the order of the day. After all the form exists for a reason, that you are entitled to receive interest gross in certain circumstances.

rgds

JFB