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BANK, BUILDING SOCIETY INTEREST
(BBS) RETURNS 2017/18Guidance notes for returns of Interest from
Banks, Building Societies and other Deposit takers under Schedule 23 to Finance Act 2011 and
The Data
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What is bank building society interest?
Bank building society interest refers to the interest earned or paid by an individual or entity on their bank or building society accounts.
Who is required to file bank building society interest?
Individuals or entities who earn or pay interest on their bank or building society accounts are required to file bank building society interest.
How to fill out bank building society interest?
To fill out bank building society interest, one must report the interest earned or paid on their bank or building society accounts in the appropriate tax forms.
What is the purpose of bank building society interest?
The purpose of bank building society interest is to report and track the interest earned or paid on bank or building society accounts for tax purposes.
What information must be reported on bank building society interest?
The information that must be reported on bank building society interest includes the amount of interest earned or paid, the name of the bank or building society, and any relevant account numbers.
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