Tax on Savings
in Savings & investments
6 replies 346 views
my question isn't about the threshold but more about "what happens".
Not this tax year but next tax year I will go over the limit for maximum of interest allowed on savings. How does the process work? Does the government just send me a bill based on what Banks are telling it? or does it send me an estimate and ask me to fill out a form to double check for other sources of income. (Currently I don't have any).
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