TDSI Bulletin 33 - 23 June 2009

This bulletin tells you about:

  • R85 and Helpsheet 2009
  • How to order the R85 and Helpsheet
  • Appendix 1 - links to R85 and R85 Helpsheet

Please ensure the appropriate people in your organisation read this bulletin.

Enquiries about this bulletin should be addressed to the person named in the issuing email.

The Tax Deduction Scheme for Interest (TDSI) pages are available on the HM Revenue & Customs (HMRC) website.

R85 and Helpsheet 2009

We would like to apologise for the delay in providing both the printed version of the form and Helpsheet, and the figures needed to update 'own versions'.

The delay arose through our desire to retain an entry for Married Couples Allowance in the quick calculation of liability guide included in the supporting notes. As you know, the Married Couples Allowance is an allowance that reduces a person's tax liability (a tax reducer), but, to keep the Helpsheet as simple as possible, this allowance is converted so it works as an income reducer.

In order to continue using the figure in this way we must make it clear on the Helpsheet that the figure is specifically to help a person decide whether they can complete the form R85 and it is not for any other purpose.

A pdf of the updated version will be available in early July and printed copies will be available approximately six weeks later. We will keep you updated if this changes.

The form and Helpsheet will be available in Welsh. The Helpsheet will be available in large print, and a large print Welsh version will also be available. The HM Revenue & Customs website will be updated with these versions as soon as they are ready.

The following changes are needed to any own versions. Not all of the changes are mandatory - the letter M is noted after the mandatory changes.

R85

Line 3 - date to change from 2008 to 2009 M

Column 2 - half way down, the list of people who can sign the declaration to be changed to M

  • you are the parent or guardian of the investor if the investor is under 16 at the beginning of the tax year in which the payment of interest is made,
  • you hold a power of attorney to administer the financial affairs of the investor,
  • you are the parent, guardian, spouse or a child aged 16 or over, of the investor where the investor is mentally incapacitated,
  • you are the receiver or other person appointed by any court in the UK to handle the affairs of the investor where the investor is mentally incapacitated,
  • you have been appointed by the Department for Work & Pensions (DWP) to claim or receive benefits on behalf of the investor where the investor is mentally incapacitated.

Helpsheet - front page

Heading

Date changed to 2009 M

Column 1

Line 4 - add the word 'Almost' in front of the line starting 'Everyone who lives in the UK ……..' M
Line 5 - change £116 to £124 M
Line 13 - in the section starting 'If you do not live in the UK' please amend the second sentence to say 'Please visit our website or phone the helpline to find out more'
Line 19 - please change the last sentence to say 'Please visit our website or phone the helpline to find out more'

Column 2

Leave the first paragraph but then remove the whole second section about contacting us to the last paragraph at the end of the reverse side.

Boxes

The text directly above the box to change 'tax-free income limit' to 'tax-free allowance'

Change the figures to M

 Your age on 5 April 2010
under 65 £6475 £124
65 to 74 £9490 £182
75 or over £9640 £185

Married couple's allowance

To be rewritten as follows M

'Were you, or the person you are married to or in a civil partnership with, born before 6 April 1935?

If neither of you were born before this date you are not entitled to Married Couples Allowance and you should move on to the next box.

If one of you was born before this date and

  • you are a married man who married before 5 December 2005, or
  • you are the spouse or civil partner with the higher income and you married or formed a civil partnership on or after 5 December 2005.

you may be entitled to Married Couples Allowance and you should, for the purpose of completing this form only, enter £4702 in box 2. (This is an approximate figure that will enable you to decide whether you can complete form R85. If you are later required to make a Self Assessment return or if you make a claim for repayment of tax, we will need to calculate your tax precisely).'

Blind Person's Allowance

Figure of £1800 to be replaced with £1890. M

Final box

The heading 'Total tax-free income limit' to be changed to 'Total tax-free allowances'

Helpsheet - back page

Line 2 - add 'visit our website or' before 'phone the helpline'
Line 3 - to read 'If you are not sure ………………. please visit the NS&I website at www.nsandi.com or ring the helpline.' M

Jobseeker's Allowance and taxable Incapacity Benefit

The words 'any payments or' to be inserted so the text reads 'Do not include any Working Tax Credit or Child Tax Credit or any payments or social security benefits such as Child Benefit or Attendance Allowance.

Company dividends

Change the title to 'Other taxable income' and the accompanying text to say 'You should include company dividends. You should not include Student Loans.'

Left column below

The paragraph starting on line 6 'If you need another……..' to be deleted

Right column below

The paragraph starting on line 7 'If you have difficulties …' to be deleted

Paid too much tax in earlier years?

Entire paragraph to be moved to the second column on the front - swapping places with the contact details.

How to order the R85 and Helpsheet

The new form R85 and R85 Helpsheet can be ordered from the St Austell Orderline on Tel 0845 900 0404.

The order codes are:

R85 only - 5011404
R85 Helpsheet only - 5011405
R85 Combined Pack - 5011406

Appendix 1

R85 Getting your interest without tax taken off (PDF 35K)

R85 Helpsheet (2009) Getting your interest without tax taken off (PDF 44K)