This bulletin tells you about:
Please ensure the appropriate people in your organisation read this bulletin.
Enquiries about this bulletin should be addressed to Savings & Audit.
The Tax Deduction Scheme for Interest (TDSI) pages are available on the HM Revenue & Customs (HMRC) website.
The Government announced at Budget 2011 that interest from QTD accounts opened from 6 April 2012 would fall within the tax deduction at source rules of the TDSI scheme. It also announced that it will consult informally on the implementation of this change. Links to the announcements are at:
Overview of Tax Legislation and Rates (paragraph 3.10) (PDF 1.33MB)
Chapter 2 - Budget policy decisions (paragraph 2.50) (PDF 284K)
If there are any points or comments you wish to make as part of this consultation these can be sent:
by email to: savings.audit@hmrc.gsi.gov.uk or
by post to:
QTD Consultation
Savings and Shares Schemes
HM Revenue & Customs
Room G56, 100 Parliament Street
London
SW1A 2BQ
Responses should be received by HM Revenue & Customs by 31 July 2011.
Part of the purpose of the TDSI Bulletins is to clarify areas of the TDSI Guidance Notes. If you feel that any aspect of the guidance is unclear you should contact Shan Jones. Her telephone number is 0151 472 6269.
