Clarification on Tax Obligation for Interest Income and Offshore Accounts

Dear HMRC, I hope this email finds you well. I am writing to seek clarification regarding my tax obligations, particularly concerning interest income and the requirement to submit a Self Assessment (SA) form. My salary is approximately £55,000 per year, and my interest income from various sources is below £10,000. As a higher rate taxpayer, I understand that I have a £500 allowance for tax-free interest income. However, I am confused about whether I am required to submit a Self Assessment form under these circumstances, given that my interest income does not exceed £10,000. Additionally, a portion of my interest income is derived from offshore accounts. Could you please confirm whether I need to submit a Self Assessment form due to this foreign income, regardless of the total interest being under £10,000? Thank you for your time and assistance. I look forward to your clarification on this matter.

Hi
Please look here Check if you need to send a Self Assessment tax return

As a higher rate taxpayer, you must submit a Self Assessment form if you have any taxable income, including interest from offshore accounts, regardless of the total being under £10,000. It’s best to consult directly with HMRC to ensure compliance with all tax obligations.

Dear HMRC I am considering the possibility of depositing a sum of £76,000 in an 'offshore account' probably next year 2025. In view of today's budget - Wednesday 30th October 2024,two questions; 1) - will there be any new regulations or guidance that will apply to such a deposit from the summer of 2025? 2) - what are the existing regulations etc regarding such a deposit sum please? I look forward to hearing your information please? Thank you.

Hi,
Current lesgislation is at
The Offshore Funds (Tax) Regulations 2009 (legislation.gov.uk)
We cannot advise on any future amendments/regulations.
Thank you