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SA-report an amount under £1 ?
Tassie_Devil
Posts: 114 Forumite
in Cutting tax
In 2024-25 I received interest income from various sources which in total combined with my SP took my reportable income over £20k.
I know to round down to ignore pence, but total interest for one small account came in at 99p for the year.
Do I just ignore this amount altogether and not include it?
0
Comments
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Pretty sure you don't round down like that, you round down the total for each box.Tassie_Devil said:In 2024-25 I received interest income from various sources which in total combined with my SP took my reportable income over £20k.I know to round down to ignore pence, but total interest for one small account came in at 99p for the year.Do I just ignore this amount altogether and not include it?
So five accounts each paying untaxed interest of say 98p would be £4. Not £0.1 -
Ok sounds reasonable!0
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