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UK Bank Fixed rate saver interest receive -taxable

Posted Tue, 02 May 2023 20:29:10 GMT by
I will be receiving the bank fixed rate saver's interest, which maternity dates on Aug 2023 & Jun 2023. Do I need to report the interest profit amount in the tax year of 22/23? or 23/24? And, which items in the self-assessment I should fill this interest amount on? Is it enter the amount in UK interest? or other income? Thank you
HMRC Admin 19
Posted Wed, 10 May 2023 10:21:07 GMT by HMRC Admin 19
Hi,

This would be reported in 2023 to 2024 and should be reported as 'Untaxed UK Interest'.

Thank you.

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