jpcrossley

Hi, I have received a five digit cash gift from my parents which came from abroad, I have transferred the funds to my Bank's regular savings account (not an ISA), which will generate interest! Do I have to pay taxes on this generated interest? If so, is there anywhere where I can find the information with the guidelines for that particular case? As well as that, is there any action to be taken by me on this, or does this tax come automatically deduced from my account gains? Many thanks!