Russell Hibbin

Can I override a simple assessment by asking for self assessment?

Helios, you are correct, HMRC will receive details of your savings interest for the tax year 2022-2023 by the end of this month. However this information does not update your Self Assessment record so you must provide it again on your tax return. You are entitled to see this information that HMRC have received about your savings income from your banks etc. by making a subject access request to HMRC. Details of how to do this can be found @ https://www.gov.uk/guidance/hmrc-subject-access-request

HMRC Admin 32 you have to include ANY amount of savings income as the savings income is added to your other income to determine whether you need to pay tax at higher rates. This even applies if no tax is due on your savings income due to the savings allowance.