Why won't my building society take my savings tax from my tax code?

Why won't my building society take my savings tax from my tax code?

Yorkshire BS has not deducted any tax from my savings interest payments. It says it is now my responsibility to contact the tax office.

Bank and building society interest - What needs to be reported under Self Assessment? | Accountants Bury St Edmunds, Ipswich & Thetford

HMRC has confirmed it is changing the way it will handle tax on bank and building society interests. What has HMRC changed? Since October 2025, HMRC has been sending out Simple Assessment letters to individuals who may owe tax on… The post Bank and building society interest – What needs to be reported under Self Assessment? appeared first on Accountants Bury St Edmunds, Ipswich & Thetford - Knights Lowe.

Bank and building society interest - What needs to be reported under Self Assessment?

HMRC has confirmed it is changing the way it will handle tax on bank and building society interests. What has HMRC changed? Since October 2025, HMRC has been sending out Simple Assessment letters to individuals who may owe tax on interest incurred from banks and building societies between April 2024 and April 2025. The letters clarify the exact amount of tax owed on the interest during the 2024/25 tax year, why you owe that amount and how to pay…