HMRC is not getting the savings interest reports from Chase!

Hi all,

I opened a thread some time ago asking about how to proceed with the savings above the personal allowance. It was unclear as HMRC states the banks will report it, so I let it go. But recently a friend of mine had to contact them because of other reasons and eventually they came across to the savings, and HMRC only knew about the money he made in his savings in a high street bank.

After that, I contacted HMRC again and they confirmed they hadn’t receive anything from Chase ever, including the previous tax year. They asked me to send a letter (no particular form, just a letter) explaining the situation and attaching the statements from the bank. 3 working days later I got a message with the updated tax calculation from last years, so everything seems to be on point now.

I thought it was a good idea to share this information as many of you may be in the same circumstance.