Savings and tax
Tax on Savings Accounts
We will pay your interest Gross, this means that we will not deduct tax automatically from your interest. Dependent on your personal circumstances tax may be due on the interest and it is your responsibility to disclose and pay any tax due directly to HMRC.
If you think you've paid tax on your savings up to the end of tax year 2015/2016 that you shouldn't have, you can reclaim it from HM Revenue and Customs.
If you paid more tax than you needed to in a particular tax year, you have four years to claim your tax back.
You'll need a certificate of interest for each year you're claiming.
Certificate of interest
If you need a certificate of interest for past tax years, write to:
BM Savings team
PO Box 81