Alliance & Leicester Tax Deduction Certificates

We understand that Alliance & Leicester (A&L) are reissuing the annual tax deduction certificates sent to certain customers holding a DirectSaver account for the tax year ended 5 April 2007.

One of the terms of this particular A&L account is that the interest received can be transferred out to be received in another account on the 6th of each month. This account could be held at A&L or another bank/building society. However, in April 2007 he interest transfer took place on the 5th of the month because 6 April 2007 was Good Friday. The interest on the statements for the DirectSaver account is always shown as the 1st of each month.
Alliance & Leicester issued its normal DirectSaver account statements showing interest received on 1 April 2007, but its annual tax deduction certificated did not include the interest received on 1 April 2007, despite the fact that they were stated to cover interest received in the period 6 April 2006 to 5 April 2007. Thus the certificates did not agree with the account statements and were incorrect.
We understand that after discussion with HMRC A&L will shortly be issuing revised annual tax deduction certificates with a letter of explanation to all affected customers.

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Alliance & Leicester Tax Deduction Certificates
Alliance & Leicester Tax Deduction Certificates
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