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Overview

Building societies and banks (and other deposit-takers) are required by law to deduct 20 per cent Income Tax from the interest they pay to savers. This tax then goes to HM Revenue & Customs (HMRC).

Some savers may be able to claim back from HMRC all the tax deducted from their interest, because they are not due to pay any tax. Other savers may be able to claim back some of the tax deducted, because the amount taken off their interest is more than they are due to pay.

Savers who think their taxable income will probably be less than the amount they can have before they start to pay tax can register to receive their interest in future without tax deducted. This is called receiving interest 'gross'.

How to use this service

Before filling in the relevant form it is important to read the related material. The 'Getting tax-free interest on savings or claiming tax back' and 'Frequently asked questions about claiming' links below provide important information.

When you are ready to complete the R85 form, click on 'Register to receive interest without tax taken off (form R85)' link below.

Form R85 is available in English and Welsh in PDF format. To access the form you will need a copy of Adobe Reader.

Information on how to download this for free is available on the right panel of this page.

• Register to receive interest without tax taken off (form R85) Opens new window

• Getting tax-free interest on savings or claiming tax back (money, tax and benefits section)

• Frequently asked questions about claiming Opens new window