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If you have received losses from the Accrued Income Scheme and deeply discounted securities, unfortunately, according to HMRC Exclusion 4 (see link to HMRC Filing Exclusions and Special Cases 2022/23), a negative amount cannot be entered into box 2 of the Lloyds Pages (LU1). Please note, this has been an exclusion since 2020/2021 tax year and it is still applicable for the current tax year. To make the entry box please navigate to the following boxes: HMRC Forms Mode > Lloyds > Page 1 > Box 2 'Profits from Accrued Income Scheme and deeply discounted securities'. SimpleStep Mode > Other income > Lloyds > UK Bank and Building Society interest > 'Adjustments under the accrued income scheme'. If you need to enter a negative amount in this box, you will not be able to file online and should contact Lloyds Underwriters, Unit S1278, Newcastle upon Tyne, NE98 1ZZ for advice. |
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