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Streamline
BBSI returns

BBSI returns are a breeze with the
ARKK Automation Platform.

 

Let our cloud-based automation platform take the stress out of BBSI returns. The ARKK Automation Platform is embedded with calculation engines, Power BI reporting, and seamless automation. With ARKK, you're covered every step of the way.

What is it?

BBSI returns: What you need to know

Bank and Building Society Interest (BBSI) returns are annual reports submitted by financial institutions to HMRC, detailing interest paid or credited to account holders. This includes individuals, and non-individuals such as partnerships, associations, companies, clubs, executors and trustees, with UK addresses.

What is BBSI reporting?

Does it affect me?

BBSI reporting will affect any UK banks and building societies with interest-bearing accounts, as this information is used to ensure accurate tax calculations, which can impact on your overall tax liability and any potential refunds. 

What do I need to do?

Ensure that your bank or building society has your correct personal details. Regularly check your account statements for accuracy and report any discrepancies to HMRC to avoid issues with your tax records and ensure compliance.

What's the deadline?

The deadline for submitting a return is the 30th June each year, unless otherwise stated in your notice. It's important to be aware of this date to ensure that all necessary information is reported on time to avoid penalties. 

Our solution

How ARKK solves BBSI

The ARKK Automation Platform

ARKK supports
jurisdictions across
the globe, including:

  • Bermuda
  • Cayman Islands
  • Channel Islands
  • Czech Republic
  • Germany
  • Iceland
  • Ireland
  • Italy
  • Luxembourg
  • Malta

We're happy to support you wherever you're based. Just speak to one of our experts!

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  • Netherlands
  • Norway
  • Sweden
  • United Kingdom
  • United States
  • Europe (inc. 27 EU states)
  • North America
  • South America
  • Africa
  • APAC

 

Why choose ARKK?

With the ARKK Automation Platform, you're empowered to transform data-heavy activities into a seamless, automated workflow, designed to make your life easier. Teams reliant on spreadsheets and basic bridging software are potentially exposed to risk and are unaware of the unlocked strategic value that an automated solution can offer.

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Source-agnostic
Source-agnostic

The Platform integrates seamlessly with various formats and data sources, utilising an advanced engine to aggregate and transform raw data.

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AI-powered
AI-powered

The Platform improves data quality with AI-driven consistency checks, reducing manual errors and increasing accuracy.

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Automated validations
Automated validations

Our platform automates complex calculations, reducing manual processing time and enhancing efficiency.

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Scalable with your business
Scalable with your business

The Platform is designed to scale with your business, accommodating increasing data volumes and complexity without compromising performance.

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Save time & money
Save time & money

Through automation we reduce your manual work, speed up your processes, and lower admin costs.

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Secure & cloud-based
Secure & cloud-based

With ISO27001 certification and robust data security, ARKK provides a scalable, future-proof platform that can adapt to evolving regulations.

Streamline BBSI with ARKK

Get the ARKK advantage

Discover why our fresh approach is trusted
by over 65% of the FTSE. 

Don't just take our word for it...

The information that came back from ARKK was so clear and transparent.

Kreeson Thatiha, Head of Finance and Client Money, eToro

eToro

I was continually reassured of ARKK's technology and their commitment to customer service.

Darryl Alford, Finance Manager, DPD

DPD logo

ARKK were prepared to be more flexible with how we worked and how we were set up.

Alistair McClelland, Head of Tax, The University of Edinburgh

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Simply outstanding service and a real pleasure to work with.

Chris Parsons, Production Director, Radley Yeldar

RY

ARKK are extremely responsive and supportive partners.

Janette Moriarty, Group Financial Reporting Director, Kerry Group

Kerry Group

ARKK are invaluable to us… I wouldn't consider another project without them.

Valentin Ramousse, Head of International Business Development & Partner, Emperor Works

Emperor

The speed and accuracy of implementation was incredible.

Akash Kalaiya, EMEA Tax Manager, Universal Weather and Aviation

UA

The numbers behind ARKK

80% time saved
<1% margin for error
10m+ VAT transactions processed per quarter on the platform

Fancy a chat?

Let’s get a date in the diary to talk about freshening up your tax and compliance reporting.

Fill out the form opposite and we'll get right back to you.