Interest received from share broker account

Hi, I've received interest of £129 from the cash held on a local share broker account in the tax year 22/23. Do I need to report to HMRC ? Thanks

Hi May 2022,

This will form part of the personal savings allowance so if you have other interest (not ISA) that takes it over £1000 - £500 if you are higher rate, yes you need to report it.

Thank you.

 

Hi HMRC Admin 20, Thanks for your reply. Which form should i use ? Thanks

Hi,

If you already fill in a tax return you will show it there as untaxed interest. If not, contact our Income Tax team to have your record updated.

Income Tax: general enquiries

Thank you.

Is interest charged by stock broker on shares bought on margins allowed by uk inland revenue. Thanks

Hi Wildfish Nagpal,
Please refer to guidance at Expenses if you're self-employed
Thank you.