Mark Williams

Hi HMRC Admin I'm in a similar situation as Corinna Lenz however I'm based in Hong Kong and a UK non residence. I have less than £10,000 interest from savings from the UK bank (Not from ISA and I don't have any Chargeable Event or PPI interest) and I no other income from the UK. Can you confirm if there is no need to submit a self assessment for tax year 2023-2024 if the bank interest on saving is less than £10,000 ? Also just wanted to highlight: I had a look at "HS300 Non-residents and investment income (2020)" and "helpsheet HS300 (Non-residents savings and investment income (Self Assessment helpsheet HS300))" this doesn't confirm the amount before needing to submit a self assessment hence wanting to confirm incase there is a change in TAX requirement. And https://www.gov.uk/apply-tax-free-interest-on-savings Assuming its for UK residence, this is very confusing as it mentions needing to submit a self assessments for anything over £1,000 of bank interest on saving but on the other hand it also mentions only needing to submit a self assessment if it's over £10,000 ? - 'You may also get up to £1,000 of interest and not have to pay tax on it, depending on which Income Tax band you’re in. This is your Personal Savings Allowance.' - 'You need to register for Self Assessment if your income from savings and investments is over £10,000. Check if you need to send a tax return if you’re not sure.'

Hi, I’m a UK non residence working in Hong Kong. I have no income from the UK apart from interest on bank savings. Wanted to understand if I need to submit a self assessment if the savings from the interest is below the personal allowance (12570 GBP) and above 2000 GBP? I have also filled in 2023-2024 https://www.gov.uk/check-if-you-need-tax-return but this points out savings within 10k gbp which doesn’t tie up with what I’ve read about 1k personal saving being tax free? Please if you can provide come clarification, much appreciated.