ck123
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Self Assessment tax return vs Worldwide Disclosure Facility
- I have receive some interest from my overseas saving account, but they are less than my Personal Savings Allowance of £500 - Do I still need to report this to HMRC ? - If yes, what is the difference of declaring it through (a) self assessment tax return , as compared with (b) the Worldwide Disclosure Facility - For (a) guess it needs to be done every year, but for (b) is this for ad hoc declaration only ? Great txs !