Reports for sections 17 and 18 TMA and ESD

Reporting under sections 17 and 18 Taxes Management Act 1970 and the Reporting of Savings Income Information Regulations 2003

The period 1 July 2005 to 5 April 2006 is the first for which reports under the Reporting of Savings Income Information Regulations (Savings Income Reporting) are required. Many payments which are currently reportable under section 17 or 18 Taxes Management Act 1970 (TMA 70) will become reportable under them instead.

The new format enables paying agents to meet their obligations to report under section 17 or section 18 and Savings Income Reporting at the same time.

Use the links below to view more information on reporting under sections 17 and 18 TMA 70 and Savings Income Reporting.

Background

The European Directive on taxation of savings ('the Directive') is based on exchange of information between tax authorities. The Reporting of Savings Income Information Regulations 2003 (SI 2003/2397, as amended by SI 2005/1539) came into effect on 1 July 2005.

As agreed following consultation on the Directive, the government aims to keep reporting under the scheme as close as possible to the current section 17 and section 18 TMA reporting arrangements.

For more information on the Directive and the regulations see Countering cross-border tax evasion by individuals.

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Reporting formats

Please ensure all returns are clearly labelled and well packaged. HMRC recommends that returns are sent as securely as possible by means that record delivery or can be tracked in the case of delivery failure.

The person making the report can do so using magnetic media. The magnetic media specifications set out the formats for reporting and give guidance on making the reports.

When submitting your live return or test file on magnetic media please ensure that you complete a submission document and send it with your return submission. Blank submission documents are available to download:

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Security Bulletins

While all our guidance covers security in a general way, detailed, specific and up-to-date security measures are covered in these bulletins. They are issued as and when needed, not at specific times of the year.

Guidance notes

These notes give guidance on how to meet the reporting responsibilities you have under ss17/18 TMA 1970. There are separate notes below for s17 and s18, and for 2008-09 and 2009-10. The changes between the years for each section are highlighted in the changes note.
There is also a link to the guidance notes on savings income reporting obligations under the Reporting of Savings Income Information Regulations (2003). Although a link is given in each year the two links connect to same document as it does not change so often.
The notes do not affect any person's right of appeal. They are not a full statement of the law as it applies, or has applied.
The notes are in PDF format. To view a PDF document you must have Adobe Acrobat Reader installed on your computer. To save the notes to your hard drive, right click on the link and choose the save option.

2008-09

2009-10

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Allowable reporting media

You can make your returns on magnetic media or paper. We will accept data on ½” Magnetic Tape and 3.5” (720k/1.44M) floppy discs or compact discs. You must send magnetic media returns in the format specified by us. See Reporting formats.

If you prefer you can make your report on paper (see Forms).

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Forms

If you wish to make your report on paper instead of on magnetic media you must use the appropriate official form.

Copies of the forms are attached to the links below. You must order the actual forms from our Orderline Tel 0845 900 0404. The ones from here cannot be read by our computers.

The forms are in PDF format. To view a PDF document you must have Adobe Acrobat Reader installed on your computer. To save the forms to your hard drive, right click on the link and choose the save option.

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Guidance notes for completion of forms

These notes give guidance on how to complete the report forms:

The notes are in PDF format. To view a PDF document you must have Adobe Acrobat Reader installed on your computer. To save the notes to your hard drive, right click on the link and choose the save option.

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Spreadsheet for s17/s18 and ESD returns

If you wish to submit your return on spreadsheet instead of paper you should use the spreadsheet template below and complete it in accordance with the guidance notes below.

Use spreadsheet S17 and/or SIR if your institution reference begins with A, B or L.

Use spreadsheet S18 and/or SIR if your institution reference begins with S.

Use either spreadsheet if your institution reference begins with X.

You can change the type of data entered on each line of the spreadsheet.

Other information needed to make reports

If you are reporting interest paid and returned in a currency other than sterling you must also report the ISO standard currency code(opens new window) denoting the foreign currency.

When reporting the country of residence for savings income reporting purposes you must use the appropriate ISO country code (opens new window).

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FR countries

S17 and s18 reporting are normally restricted to investors with addresses in the UK and other FR countries. To view the list of FR countries go to:

Please note that the EU Member States (other than the United Kingdom) stopped being Fully Reportable countries and became Prescribed Territories for the purposes of Savings Income Reporting from 1 July 2005.

We will give six months notice of any change to the list of FR countries.

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Prescribed Territories

Savings Income Reporting will be restricted to investors in the EU and other Prescribed Territories. The list of Prescribed Territories can be found at Appendix 1 of the Guidance notes (RTF 740K).

If the investor declares his/her residence to be in a country other than the EU or other Prescribed Territory and presents a passport or official ID card issued by another member state, please refer to paragraphs 136-139 of Savings income reporting guidance notes (PDF 392K)

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Contact information

Please contact the following for further information.

To request forms please telephone HMRC orderline on Tel 0845 900 0404

For advice on how to submit returns (including making test returns) or for advice about how to complete the forms contact:

Do not send your returns here.

Eddie Dodd
HM Revenue & Customs
Audit Unit (Information Returns)
St Johns House
Merton Road
Liverpool
L75 1BB

Tel: 0151 472 6083 or 6155
Fax: 0151 472 6124
Email: Savings Audit

s17/s18 legislation and what should be reported

Nicholas Wright
HM Revenue & Customs
1st Floor
Archer House,
John Street
Stockport
Cheshire
SK1 3EA

Tel: 0161 475 8577
Fax: 0161 475 8431
Email: Nicholas Wright

The Savings Directive and Savings Income Reporting

Graham Turner
HM Revenue and Customs
Charity Assets & Residence
Offshore Personal Tax Team
St John’s House
Merton Road
Liverpool
L75 1BB

Email: Offshore Personal Tax Team

Sending in your report

HM Revenue & Customs
Centre for National Information
Data Capture Unit
Ground Floor
Ty Glas Road
Llanishen
Cardiff
CF14 5ZG

Tel: 029 2032 6379 or 7373

Audit matters

John Curran
HM Revenue & Customs
Audit Unit (Information Returns)
St Johns House
Merton Road
Liverpool
L75 1BB

Tel: 0151 472 6083 or 6155
Fax: 0151 472 6124
Email: Savings Audit