Premium Bonds and Impot

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Jaques
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Premium Bonds and Impot

Post by Jaques »

Hi All

Where on my impot forms should winnings from Premium Bonds go please

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Re: Premium Bonds and Impot

Post by Headers »

I include it with bank interest on the 2047 form, but I have to admit that this year I have hit a problem which I cannot resolvecabd I’m off to see the impôt man next Monday.

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Tom
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Re: Premium Bonds and Impot

Post by Tom »

Premium bond winnings are treated as taxable interest. I declared them like this last year: 2TR on the blue form 2042K and lines 221-222-228, 230/2TR on the pink form 2047K. Don't forget to declare your NH&I premium bonds' account number on your list of foreign bank accounts on form 3916, regardless of whether or not you have won anything.
Here’s a good rule of thumb:
Too clever is dumb.
—Ogden Nash

pomme homme
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Re: Premium Bonds and Impot

Post by pomme homme »

Lucky you lot. My Premium Bonds have never produced any winnings in decades. I don't know why I hang onto them.

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