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Your interest will then be paid to you without tax being taken off. If No please do not fill in the form R85. If you do fill in the form then you are telling Coventry Building Society that you don t have to pay tax. It is not Coventry Building Society s responsibility to check this but the HMRC may at a later date. For new accounts you will need to fill in a new form R85. If your income goes up and that means that you should start paying tax plea...

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What is hmrc r85 form?

The hmrc r85 form is a form used by individuals in the UK to notify their financial institution that they are eligible to receive interest on their savings tax-free.

Who is required to file hmrc r85 form?

Any individual in the UK who is eligible to receive interest on their savings tax-free is required to file the hmrc r85 form with their financial institution.

How to fill out hmrc r85 form?

To fill out the hmrc r85 form, you need to provide your personal information, including your name, address, and national insurance number. You also need to provide details about your financial institution and your savings account. Finally, you need to sign and date the form before submitting it to your financial institution.

What is the purpose of hmrc r85 form?

The purpose of the hmrc r85 form is to inform your financial institution that you are eligible to receive interest on your savings tax-free. This allows the financial institution to pay you interest without deducting tax.

What information must be reported on hmrc r85 form?

The hmrc r85 form requires you to report your personal information, including your name, address, and national insurance number. You also need to provide details about your financial institution, such as their name and address. Additionally, you need to provide information about your savings account, including the account number and the type of account.

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