United Kingdom · Question · Written question
UIN 57759
Personal Savings: Taxation
Introduced
5 June 2025
Last action
11 June 2025 · Answer
Status
Answered
Sponsors
—
Subjects
Taxation
Source updated
11 June 2025
Summary
To ask the Chancellor of the Exchequer, if HMRC will make an assessment of the potential merits of reinstating the practice of paying interest on savings net of tax.
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Timeline
5 June 2025
Written question
To ask the Chancellor of the Exchequer, if HMRC will make an assessment of the potential merits of reinstating the practice of paying interest on savings net of tax.
Source: Commons
11 June 2025
Answer
HMRC receives information from banks and building societies about the savings and investment income they have paid to their customers. Where possible, HMRC will match this information to a taxpayer’s record, and calculate any Income Tax due. If necessary,...
Source: Written answer
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Sponsors
- · Treasury · Answering body
Related records
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2025-06-05/57759
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1809692
- uk · wq-1809692 · source updated 11 June 2025