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  • RE: Interest income above £1000

    Hi Thank you - so both banks will report the interest income and HRMC will let me know when to pay any tax due ? Thanks
  • Interest income above £1000

    Hi I hope an agent can help me I have received interest income from two bank accounts above the allowance of £1000 - the total is about £700 from one and £900 from the other I tried calling hrmc but it is imposible to speak - how do I pay the extra tax from the £1000 allowance? Does both bank report my interest income and hrmc deducts it? Please help me Thanks