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Posted Mon, 13 Feb 2023 11:02:18 GMT by Kelly kk
Hello I have a question want to ask about the time to report tax of personal saving interest. If a one year fixed saver started from October 2022 and get matured on October 2023, with the annual interest that paid when it’s maturity. Which tax year does it considered to? And when should I report it? Thanks
Posted Wed, 15 Feb 2023 14:19:15 GMT by HMRC Admin 32

This would be classed as the 2023 to 2024 tax year for the interest. Banks and building societies notify HMRC of interest received each tax year.

Thank you.

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