Tax Return & Interest

almaca

Please can someone tell me if the amount of interest earned is entered in full, or only the amount over the £1,000 Personal Tax Allowance?

Jeremy535897

You enter the full amount of interest received.

almaca

Thank you very much. I couldn't find it mentioned anywhere on the tax form, or the guidance sheet.

Dazed_and_C0nfused

almaca said:

Thank you very much. I couldn't find it mentioned anywhere on the tax form, or the guidance sheet.

I suspect that's because you are overthinking it 

There is no allowance for interest, it is all taxable (excluding tax free things like interest from an ISA) but some may fall to be taxed at 0% courtesy of the savings starter rate and savings nil rates of tax.