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  • RE: Reporting savings interest

    Hello I live in Scotland and I am employed. I have personal savings accounts (with a bank in Scotland) that were opened in September 2023 and that will pay over the £1000 interest limit (note that from Sep 2023 until April 2024, interests are over £1000). Should I inform HMRC myself in regards with paying the tax on interests, or, would my bank notify HMRC on my behalf? Note that I contacted my bank and their agents told me that I should that myself. Any help would be much appreciated Thank you very much Best wishes