SA Uk Intrest

MX5huggy

Do I have to fill out/declare UK interest received? I think last year it let me avoid to hassle as it’s much less than £1000. Has it changed? 

Dazed_and_C0nfused

If you are completing a Self Assessment return them yes, you include taxable interest as you would with other taxable income.

MX5huggy

You don’t have to include taxable income on turnover under £1000

Dazed_and_C0nfused

That's because there is a £1,000 trading allowance for self employment.

There is no such allowance for interest.

oldbikebloke

MX5huggy said:

You don’t have to include taxable income on turnover under £1000

as you yourself have written, that relates to turnover, not interest