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Posted Sun, 26 Jun 2022 00:41:02 GMT by rahul sabherwal
Below 2000£ any foreign savings interest income is exempt while above 200£ it is taxable. Example -- if the foreign interest income is 2800£ should we enter 800£ or 2800£ in the foreign section ? Do we get relief for 2000£ which is supposed to be exempt ? or are we taxed for full 2800£ as its above 2000£ If 2000£ is exempt from the 2800£ how to ge this exemption ?
Posted Tue, 28 Jun 2022 10:41:50 GMT by HMRC Admin 19
Hi,

You will enter the full amount of income received and the system will automatically grant the exemption in the calculation.

Thank you.

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