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Posted Tue, 09 Jan 2024 18:22:25 GMT by
My personal allowance for interest is £500 - I earned about £100 in interest from UK banks last year, so well below my limit. In the UK interest section I entered the £100 in the 'Untaxed UK interest (amounts which have not been taxed). Enter total amount:' However I can see this is added to my income in the final calculation which means I look to have been taxed on it - should I not be entering it if it is below my personal allowance? Thanks!
Posted Tue, 16 Jan 2024 10:59:26 GMT by HMRC Admin 32

It is still taxable income and has been correctly entered. However if you look at the full calculatoin you will see that the tax rate applied on this income is 0%

Thank you.

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