Written Question·Treasury·UIN 57758
Taxation
Tabled: 5 June 2025
Answered: 11 June 2025
Named DayQuestion
Mr Andrew Snowden
Conservative — Fylde
To ask the Chancellor of the Exchequer, whether HMRC plans to take steps to change the (a) taxation of interest on savings and (b) tax system; and what assessment she has made of the potential impact of the tax system on people who pay both (i) PAYE and (
Answer
Emma ReynoldsHMRC 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,...
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