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taxadvisor.uk, Chartered Certified Accountant
Category: UK Tax
Satisfied Customers: 4720
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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Self assessment - Need to put in bank interest earned into

Customer Question

Self assessment - Need to put in bank interest earned into the self assessment form. I have the gross, net amounts plus the tax already paid. Please advise what amount - gross or net - do I enter in the form.
Submitted: 10 months ago.
Category: UK Tax
Expert:  taxadvisor.uk replied 10 months ago.

Hello and welcome to the site. Thank you for your question.

You should enter net interest received in Box 1 - Taxed UK interest etc.

I hope this is helpful and answers your question.

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