MrDJ

Thank you for clarifying my query. Much Appreciated.

Hello, Please can somebody answer my query. I have fixed term accounts that mature on different months of the year. I wish to know if I have to submit the interest earned, as follows: Account 1: Fixed Term : 6th Jun 22 – 5th Jun 23 Interest for tax year 6th Apr 2022 – 5th Apr 2023 is calculated from 6th Jun 22 – 5th Apr 23 = A Interest for tax year 6th Apr 2023 – 5th Apr 2024 is calculated from 6th Apr 23 – 5th Jun 23 = B Account 2: Fixed Term : 3rd Jan 23 – 2nd Jan 24 Interest for tax year 6th Apr 2022 – 5th Apr 2023 is calculated from 3rd Jan 23 – 5th Apr 23 = C Interest for tax year 6th Apr 2023 – 5th Apr 2024 is calculated from 6th Apr 23 – 2nd Jan 24 = D Tax Year: Interest earned for Tax Year 6th Apr 2022 – 5th Apr 2023 = A+C Interest earned for Tax Year 6th Apr 2023 – 5th Apr 2024 = B+D Please confirm if the above method is correct for submitting the interest earned on the Self Assessment.