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Posted Sun, 10 Dec 2023 17:05:50 GMT by RedGekko
When entering savings allowance into self assessment, should the £1000 allowance be deducted first or does HMRC work it out later. Also does it apply to foreign savings interest? I cannot find where to claim the £1000 allowance. Any suggestions most welcome. thanks
Posted Fri, 15 Dec 2023 12:38:04 GMT by HMRC Admin 19
Hi,

No, you do not deduct this as it is given automatically in the calculation and it will apply to UK and foreign interest.

Thank you.

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