DiCanio564gf Day

I’ve earned £1125 in interest from a savings account in tax year 23-24, therefore I owe tax on £125. I work for a company, therefore I’m not self-employed, so do not typically complete an annual tax self-assessment. I have 2 questions: 1. Will the bank holding the savings account automatically inform HMRC that I owe tax? Or do I need contact HMRC/ complete a self-assessment? 2. If the bank inform HMRC, is the tax paid via a change in my tax code? If so when will this change happen please?

Update to my message above: The end of the financial year was 4 months ago, my tax code has not changed, and I've received no contact from HMRC about it.

Hello, I earned around £1500 (could be slightly more or less) in interest via a savings account for tax year 2022-23, so would have needed to pay tax on the £500 over the £1000 limit. I'm employed by a company ,not self-employed, so I do not complete a yearly self-assessment form. My understanding is that the ta I owed tax would've automatically been collected in the following way: The savings account provider would have informed HMRC about the additional interest earned, and then HMRC would've changed my tax code. My questions: 1. Is the above assumption correct? 2. If so, then I don't remember being contacted by HMRC about the tax code change. Should I have been contacted, and how? I will check my tax code to see if I can work out if it was changed to accomodate the extra tax owed.