WK Cheng
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How to report my Interest earned to HMRC
Hi, For year 2023-24, my taxable income from employment is 13947.57 Personal allowance is 12570.00 Interest earned from savings account is 9805.83 Current tax calculated by HMRC has not taken into account of the interest earned (i.e. 9805.83) I’m thinking of report the interest by Self Assessment but the guidelines said Self Assessment is required only for interest earned more than £10000. Should I report the Interest earned to HMRC ? If yes, how to report? Thanks.