Which Tax Year ?

ElSteverino

Dear Forum. I opened a savings account on 31/05/23 and was paid some interest on 30/05/24. Which Tax Year does this fall into ?   2023/4 or 2024/5 ?
Any advice would be appreciated. Thanks  

Dazed_and_C0nfused

ElSteverino said:

Dear Forum. I opened a savings account on 31/05/23 and was paid some interest on 30/05/24. Which Tax Year does this fall into ?   2023/4 or 2024/5 ?
Any advice would be appreciated. Thanks  

2024-25 tax year.

XzavierWalnut

It would be 2024/25, as that was when you received the interest.

ColdIron

You received (some) interest in the 2024/25 tax year so that is the year that applies

poseidon1

ElSteverino said:

Dear Forum. I opened a savings account on 31/05/23 and was paid some interest on 30/05/24. Which Tax Year does this fall into ?   2023/4 or 2024/5 ?
Any advice would be appreciated. Thanks  

Obtain  year end certificates from your provider ( for both tax years) to see what they would have told HMRC.

I am currently downloading/obtaining certificates from 17 different account providers for 2024/25 HMRC interest reporting purposes.