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Posted Sun, 29 Oct 2023 12:05:22 GMT by
Hi, I have self-employment income so need to complete a 2022/23 tax return and will be a basic rate taxpayer. I have various bank accounts earning very little bank interest of less than £50 in total. Do in need to bother to total up the bank interest from each bank account to include in the tax return if I know that it is well below the Personal Savings Allowance?
Posted Fri, 03 Nov 2023 13:38:54 GMT by HMRC Admin 20 Response
Hi KM,
If you have untaxed savings interest then this will need to be declared on the Self Assessment tax return. 
Thank you.
Posted Sat, 04 Nov 2023 13:46:23 GMT by
Thanks

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