STB-Taxman has been the leading product for Inland Revenue returns of interest reporting in the UK for some time - with support for the EUSD reporting requirements as well.

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STB-TaxMan is the market-leading Inland Revenue computation and reporting system used by UK financial institutions.

Please contact us directly or via Information & Feedback.

If you are a subscriber to STB's news updates you can download STB's Impact Analysis document for the European Union Savings Directive by clicking here: STB EUSD Impact Analysis

(Note: To subscribe [FREE] please click here. You will be asked to provide contact details).


In just a few clicks you can compute all your returns for the year, and if you wish, STB-TaxMan will generate customer statements of interest paid and tax deducted for you.

How is this achieved? One key reason is that our reporting packages are built by business analysts, not programmers. There are other benefits too. STB-TaxMan uses our data management tool STB-SuperConsolidator to take relevant data from a client's source systems, so interfacing is easy - wherever you hold the data, we will take it just as it is - one file or many. We can acquire the data from any industry-standard database, or you can give us simple ASCII or CSV feeds. It doesn't matter about field sizes or order, or what coding structures you use, even if each of your data sources is different.

Bad News: The Inland Revenue's latest Section 17 report for interest earned and tax deducted, requires institutions to report not only UK resident customers, but now also those customers resident in some other countries.

Good News: STB-Taxman: for many organisations filling out a stack of green forms remains a time consuming manual exercise that's prone to error.

STB-Taxman solves both problems, automating the reporting process efficiently, accurately and with no extra charge when the Inland Revenue changes its requirements. Indeed, STB-Taxman supports the changes which arise from the implementation of the EU Savings Directive (EUSD). More details at: http://www.inlandrevenue.gov.uk/esd/en_final_refdoc.htm

http://www.inlandrevenue.gov.uk/esd-guidance/index.htm

http://www.inlandrevenue.gov.uk/esd-guidance/guidance.htm

Act now: URGENT automation of European Union Savings Directive reporting.

The European Directive on the Taxation of Savings [known as the European Union Savings Directive, EUSD] came into effect on 1 July 2005. It has an effect on your Inland Revenue Section 17/18 reporting [1970 Taxes Management Act (TMA)].

If you pay interest to holders of EU passports (or those of prescribed territories, and all associated dependencies), then irrespective of residence, reporting structure changed for reports as at 5th April 2005. Following this, there will be rather more dramatic changes for reports as at 5th April 2006, and you will have had to collect new data from 1st July 2005.

STB's existing clients will be receiving their upgrades to STB-Taxman as usual at no additional licence cost. This upgrade will output the new EUSD format submission files as at the 5th April 2005.

STB-Taxman clients should contact their STB Account Manager now to arrange for a briefing on what the new EUSD requirements are and to discuss the data requirements, your arrangements for collection and delivery of data to STB, the test plan to be employed and the upgrade and delivery timetables. Click here to arrange for your Account Manager to call you. Act now as demand from our large client base is likely to be high.

Most importantly with the new regulations, there's no need to pre-filter your customers for those resident in the new Fully Reportable Countries. Simply give us all the data and we will filter it for you and provide a report of excluded accounts for your audit trail.

STB-TaxMan is the market-leading Inland Revenue computation and reporting system used by UK financial institutions. Join up! Please contact us directly or via Information & Feedback.

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