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These data entry screens are also used for Lloyd's underwriter returns.
Government securities purchased through the NSB register should be entered via Other untaxed interest.
Enter the full amount of income from Ordinary accounts. The first £70 is no longer tax free.
When entering details for a new account, select the type of account from the following menu.
A First Option Bond (The only account type that has tax deducted)
B Ordinary Account
C Investment Account
D Deposit Bond
E Income Bond
F Capital Bond
G Pensioners Guaranteed Income Bond.
If the wrong type is selected, it can be changed via the parent record. However, it is not possible to change a First Option Bond account into any other type or vice versa.
All NSB accounts and bonds, except first option bonds, are taxed under Schedule D case III.
Enter the details of the account on the provider record:
Description and Number - this is for information purposes only.
Dates, may be left blank - if the date disposed of is within the tax year this will prevent the record being brought forward to the following tax year.
Joint Income - click here for more information
A different screen showing prior year totals is used in 1997 and 1998.
Enter the interest received on the income record:
Interest credited - enter the gross interest received., unless it’s a First Option Bond in which case enter the net amount.
Tax deducted at source - this field is only available on First Option Bonds. Enter the amount of tax deducted.
Date interest received - this may be left blank.
