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Posted Sun, 26 May 2024 17:10:58 GMT by Chris Smith
Hi, Please could you clarify when I need to notify HMRC of the interest received on my two year fixed rate bond on my self assessment tax return. The interest is paid into the bond annually, but I am only allowed to access the interest when the bond matures after two years. Therefore, do I notify HMRC each tax year that interest is paid into the bond, or only when I can access the interest once the bond has matured? Many thanks
Posted Fri, 31 May 2024 10:51:37 GMT by HMRC Admin 21 Response
Hi Chris Smith,
It is when it matures.
Thank you.

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