Bank Interest

[David]

Where do I put UK bank interest on form 2047-K?  The only place I can see is box TS - is that correct?

Many thanks,

David

[Benjamin]

There isn't a box TS on form 2047: I think you mean 2042 and that is the correct place to put bank interest.

[David]

Sorry for not being clear.  The only place on form 2047-K that I can find for UK bank interest is a line near the bottom of page two, on the right hand side, and the line ends with the letters TS.  I confusingly referred to this line as a box.

The entry on this line is then transferred to the box TS on form 2042 K.

I was wondering if there was anywhere else on form 2047-K that UK bank interest should be listed other than the line ending in TS.

Hope this is clearer, and thanks for the reply.

David

[Benjamin]

On form 2047 on the second page under section B put G-B in column 1 under PAYS D'EMISSION DES VALEURS.

On the same line but in column 5 (MONTANT NET ENCAISSE EN EUROS) enter the interest you have received and enter the total at the bottom of the column. This amount then transfers to line A (bottom right) and the total goes against the line with TS against it. This then transfers to box TS on form 2042.

[David]

Many thanks Benjamin,

A very clear explanation, and problem solved.

Thank you,

David