Interest details on HMRC Personal Tax Account. Updated to include how to access interest details.

Had two conversations with HMRC last week after my interest from last year were showing on my tax account leading to changes to my tax code meaning I will pay tax on income even though my earnings are below my personal allowance. First person I spoke to denied that there was a starting rate of 0% for interest of up to £5000 (depending on earned income) and, even though I had the web page open in front of me she told me I was wrong and had to pay tax on any interest over £1000. I asked her to confirm what she was saying and she did.

I called back later and spoke with a man who could not have been more helpful and confirmed that I was correct and the person I spoke to was wrong. He confirmed I should not pay any tax but the system would not let him correct the information and reinstate my correct tax code. He passed the issue on and promised to ring me when things were sorted. How different two people at HMRC CAN BE.

I HAVE ALSO TRIED AMENDING / deleting accounts from the interest list but it just gives me the error messages others have had

My tax code of 1304 was split between pension and employment income to ensure I had no tax to pay on either. Now they have taken savings interest of £1800, taken off the £1000 nil rate of savings but have reduced my personal allowance to take into account the extra £800 interest above the £1000 mill rate even though my total income (pension, employment income and taxable interest) is well below £16000 there I should pay no tax

Reading the comments I was excited the "digital tax" or whatever it was called was finally being rolled out avoiding the need to individually track and submit savings interest to HMRC. I see nothing has changed for me from previous years. It just shows the actual amount from my latest SA and there is no detailed breakdown.

Reading the comments I was excited the "digital tax" or whatever it was called was finally being rolled out avoiding the need to individually track and submit savings interest to HMRC. I see nothing has changed for me from previous years. It just shows the actual amount from my latest SA and there is no detailed breakdown.

Nothing has changed the need for you to provide taxable interest details on your Self Assessment return.

Eventually HMRC may pre populate your return with the figures they have been advised of banks and building societies but that will be the same as how they populate employment income information now, you will still need to check it is correct.

But at the moment if the information matches your Self Assessment return then there can be no detailed breakdown simply because you haven't been required to provide such a breakdown when you completed the return in the first place.