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Savers Urged to Act Now on Tax Due on Interest

Summary by Dolan Accountancy
Those who have earned interest on their savings are being urged to act now and contact HMRC if they’ve not yet received a letter from the tax authority. Thousands of savers are putting themselves at risk of fines by not declaring owed tax on interest from savings. According to the Association of Taxation Technicians (ATT), recent estimates show that an additional 893,000 taxpayers will have to pay tax on their savings by 2028 to 2029 due to froz…
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M J Bushell broke the news in on Thursday, May 29, 2025.
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