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Posted Fri, 06 Dec 2024 11:17:43 GMT by Ewan Hardman
I have a 90-day notice account that pays interest at the end of every month; it is accumulated within the account and not paid out. Since I cannot access this interest until 90 days have elapsed, does this mean that interest added to the account in January, Febrruary and March should not be included in that tax year, but the following tax year?
Posted Wed, 11 Dec 2024 12:23:45 GMT by HMRC Admin 19 Response
Hi,
You can see guidance here:
SAIM2440 - Interest: taxation of interest: when interest arises
Thank you.
Posted Mon, 13 Jan 2025 17:39:02 GMT by Ewan Hardman
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