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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

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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