questionText: 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.
answerText: 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,...
heading: Personal Savings: Taxation