We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

HMRC details

zombiex · 2026-03-11 10:46:19

Not sure if this is quite the place, however. I was recently asked to send in a self assessment form which I had not previously been asked to do. I rang HMRC, prepare for a 50min wait, they said that my interest earnings from my bank accounts had taken me over the £10k threshold. I asked for a list of the accounts from…

Comments

Albermarle Posts: 32,765

Forumite

12 March at 12:14PM edited 12 March at 12:16PM

https://forums.moneysavingexpert.com/discussion/comment/81919085#Comment_81919085

The problem is that the banks just report the annual interest to HMRC, who apparently have no idea what the terms and conditions of the account are. So HMRC does not think anything and just books the interest in their system annually regardless.
Link to a very similar recent thread.
HMRC Attitude Towards Taxing of Fixed Term Savings Accounts — MoneySavingExpert Forum

1

★ ★ ★ Meet your Ambassadors

HMRC details

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free