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Posted Sat, 28 Oct 2023 17:02:34 GMT by Paul Weller
Colleagues - In the circumstances above, where one has in general been told that one no longer needs to complete a self-assessment return unless HMRC make contact to ask one to resume doing so or "your financial circumstances change", would the latter include the new receipt of (even if only very small) amounts of interest from a foreign bank account(s)? And if one starts to receive such foreign bank interest income, is it so that one can only go about reporting such income via going back to completing SARs? And, if so, what is the best way of informing HMRC of this specific potential change/need? Or does one simply revisit one's HMRC portal and complete and submit a new SAR when the reporting time for the relevant financial year opens?
Posted Wed, 01 Nov 2023 10:30:07 GMT by HMRC Admin 25
Hi Paul Weller,
As this would be a change in circumstances, you now meet the criteria for a tax return.
If you complete online, you can do this after 6/4/24.
If you file by paper, you should contact HMRC to have your record updated to ensure the return for 23/24 is issued on time.
Thank you. 
 

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