Completing Self Assessment Form

Hi, I have just read that banks etc inform HMRC of interest earned on savings each year for tax purposes. As the only taxable item on my form is regarding savings do I need to complete a self assessment form or can I rely on HMRC being given the information by my bank and simply be billed for anything I owe? Thank you.

Hi Caz,
To complete a Self Assessment tax return the savings interest needs to be more than £10,000.
You can check if you need to file a tax return at Check if you need to send a Self Assessment tax return 
Thank you.