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bigduckontax
bigduckontax, Accountant
Category: Tax
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I work as an employee, if in my bank account i once one

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I work as an employee, if in my bank account i once one month i got some savings interest of a few pounds like 1 or 3 gbp, how do i should declare that to hmrc? Also if i have a foreign bank account that generates 0.02% interest annually but i have only 38 usd and thus as it has not been even one cent of interest yet, the foreign bank did not pay any interest to me, how do i declare that to hmrc?

Forget it, the first 1K of Bank Interest is tax free in your hands.

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