clion

Hi, As far as I understand, the banks will tell nothing to HMRC about earned savings interest, thus it's up to us to report it. How do you actually do that in your personal tax account? Do you add it as "missing investment income" in the current tax year, under "Untaxted Interest"? Thank you

Hi, this questions might have been asked quite a few times but it's still a bit unclear to me. I am full time employed and during the past year I have earned some interest from a savings account that exceeds the £500 allowance. Do I need to file a self assessment or is the bank going to notify HMRC so that my tax code gets adjusted accordingly? Also, if it is the latter, do I still need to provide any bank related information to HMRC or is it all handled by the bank itself? Thank you