Skip to main content

This is a new service – your feedback will help us to improve it.

  • RE: Reporting savings interest

    Hi I've just had a savings account statement from my bank (BoS) and they are saying that they don't provide any information to HMRC and that it's my responsibility to tell the tax man about interest above £500/annum. Here's what the statement says "From 6th April 2016 your non ISA interest is paid gross, this means that we will not deduct tax automatically from your interest. Depending on your personal circumstances tax may be due on the interest and it is your responsibility to disclose and pay any tax due directly to HM Revenue and Customs (HMRC)." How do I go about doing this.