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Posted Thu, 21 Sep 2023 12:17:35 GMT by abc123
The fixed time deposit tenure was 2 months starting from 6 Feb, 2023 to 5 April, 2023. The interest of the fixed time deposit being calculated excluded 6 April, 2023. Due to the banking system, the interest and the capital are credited to Mr. A’s bank account on 6 April, 2023. Please advise that the interest was counted towards the 2022/23 tax year. Hope to hear from you soon.
Posted Tue, 26 Sep 2023 10:28:15 GMT by HMRC Admin 17

Yes it will be the 22/23 year as it cannot be credited until after the year ends .

Thank you.

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