surrealvii
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Tax on savings interest from Chase UK
Hello, I am a basic rate tax payer in employment who is not normally required to complete a self-assessment. Last tax year 2023/24 I received interest on my savings above the £1,000 allowance, but below the £10,000 mandatory reporting threshold. The interest all came from a UK-registered bank - (name of the bank removed by the admin). I understand that normally I wouldn't need to report this to HMRC as the bank is supposed to do it. However, Chase UK state that the do not report to HMRC - (external link removed/edited by the admin) - even though my understanding is that they should. I still have not received any demand for additional tax payment from HMRC nor has my tax code been updated to reflect any extra tax I may potentially owe. Do I need to inform HMRC or the interest income from (name of the bank removed by the admin)? Thank you.