nomadic_user

RE: NRE Saving Interest above £2k is taxed , is it only the difference that is taxed?
@ HMRC Admin 32 That is not correct information w.r.t NRE interest earned . In case of NRE interest anything below £2k is non taxable , please see the link below https://www.gov.uk/taxforeignincome/nondomiciledresidents#:~:text=Tax%20if%20you%E2%80%99re,UK%20bank%20account My question was for above £2k , is it the difference that is taxable or the whole earned interest ex total interest =£2600 then taxable interest is 26002000= £600 ? or whole £2600 
NRE Saving Interest above £2k is taxed , is it only the difference that is taxed?
Examples , Higher Tax payers if Person A has NRE Saving Interest = £1995 , if Person B has NRE Saving Interest = £2010 . What is the taxable earned interest ? If you say whole for Person B £2010 is taxed at 40% with £500 non taxable allowance then effective earning is (2010500)*60% = £906 while person A's earning is still effective £1995 which doesn't make sense ? Or is it difference above £2000 i.e. 20102000= £10 is taxable for Person B ? 
In my Self Assessment do I have to declare NRE Interest Income less than £2000?
Nondomiciledresidents don't not need to fill Self Assessment if interest earned is less than £2000. But since I do fill Self Assessment every year , should I declare if interest earned is less than £2000 ? If I declare & enter "Interest income from overseas savings amount " as £2000 , It applies 40% tax rate on it although it was tax free as mentioned above. So what is the right way to deal with this limitation of self assessment HMRC website? Or I should not declare any interest income since it is less than £2000 , will it end up as Tax Fraud?