HMRC have paid me interest on delayed refund - is this taxable?

Sarahspangles · 11 March at 7:44AM

I have received a refund for 2023/24 which is slightly higher than the amount stated in the tax calculation, and assume this is interest. Do I need to include this as savings interest for 2045/25?

I have looked online, but can’t see this information where I expected and I’m probably not going to be the only person who asks!

Dazed_and_C0nfused · 11 March at 7:56AM

Sarahspangles said:

I have received a refund for 2023/24 which is slightly higher than the amount stated in the tax calculation, and assume this is interest. Do I need to include this as savings interest for 2045/25?

I have looked online, but can’t see this information where I expected and I’m probably not going to be the only person who asks!

In a word. No.

https://www.gov.uk/hmrc-internal-manuals/savings-and-investment-manual/saim2320

Sarahspangles · 11 March at 8:00AM

Dazed_and_C0nfused said:

In a word. No

Thank you, I shall fritter all of it then.

HMRC have paid me interest on delayed refund - is this taxable?

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