Frequently Asked Questions
Consolidated Tax Certificates
We have included a list of our most frequently asked questions about Consolidated Tax Certificates.
- What is a Consolidated Tax Certificate (CTC)?
A Consolidated Tax Certificate (CTC) details all dividend payments received between the period of January to January of the following year. The CTC is accepted by HM Revenue & Customs (HMRC) as evidence for tax credit and may also assist you in completing your income tax return. The CTC is an important document that you may wish to retain for your records. Please note that it may also be referred to as a Consolidated Tax Voucher (CTV). Guidance notes will be included with your CTC to help you understand the document.
- Does the Consolidated Tax Certificate (CTC) detail interest from my Savings or CMS account?
The Consolidated Tax Certificate (CTC) refers to dividend payments only and does not include details of cash balances in a Cash Management Services Account or a Savings Account. If you wish to receive a tax certificate for interest on cash held in your Savings Account or Cash Management Services Account, we will issue you with a Section 975 Tax Certificate for the previous tax year.
The Section 975 Tax Certificate details interest on cash held within a Savings Account and Cash Management Services Account. This certificate has been issued in accordance with Section 975 Income Tax Act 2007. The Section 975 Tax Certificate is not available for accounts where interest is paid gross. Please note that the Section 975 Tax Certificate is not issued automatically like a CTC and is only available on request. Please note that the Section 975 Tax Certificate was previously referred to as a Section 352 Tax Certificate.
- How do I get a replacement Consolidated Tax Certificate (CTC) for this year or previous tax years?
Duplicate CTC's can be requested in writing or by calling our Customer Services Team. We will only be able to provide duplicates for the previous seven years, as we do not hold this data beyond this period of time. Please note that duplicate CTC's do incur a charge. Please see our Rates and Charges for further details.
- What does the Consolidated Tax Certificate (CTC) cover?
The first section of the Consolidated Tax Certificate (CTC) outlines the summary of income totals. The sections following the summary page are listed as follows:
- Total tax paid on UK dividend income
- Total tax paid on overseas dividend income
- All dividends received from UK equities
- All dividends received from interest bearing securities
- All dividends received from Mutual Funds
- All dividends received from overseas equities
Please note that not all sections of the CTC may apply to you unless you trade in both UK and International stocks. Guidance notes will be included with your CTC to help you understand the document.
- What does the Section 975 Tax Certificate include? (Formally referred to as a Section 352 Tax Certificate)
The Section 975 Tax Certificate includes the following information:
- Gross amount of Interest (before deduction of tax) paid in the tax year
- Amount of tax deducted
- Net amount of interest after deduction of tax
The certificate may help you complete your income tax return, and it will be accepted by HM Revenue & Customs (HMRC) as evidence of tax deducted if you claim back tax, in the UK.
- When can I expect to get my Consolidated Tax Certificate (CTC)?
Your Consolidated Tax Certificate (CTC) will be issued in May each year. Your CTC will be available in the eServices section of our secure website. We will send you an email to let you know when this is available.