Being of modest means, and always having been on PAYE and never seen a tax return in my life, maybe someone (everyone else) here knows the answer.
I think this year will be the first time I will go over, after all allowances, the point at which I have to pay some tax on my savings interest.
Do I have to proactively contact HMRC is some terrible online manner and tell them, and does that automatically mean I then have to do a tax return annually forever?
Many websites say that’s what you do.
Or do I do nothing, HMRC get told by the bank, and then they ask me for some money. No doubt to be paid in some ghastly online manner.
Many other websites say that what you do.
They can’t both be right.
What does one do?
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