HMRC intend to introduce a new online service for taxpayers who use PAYE to pay tax via their employer in April 2014. Features of the new system include enabling individuals to update a range of their benefits in kind online so they can keep their tax code up to date.
![tax on interest income](https://www.in-accountancy.co.uk/wp-content/uploads/2024/05/tax-on-savings-interest-300x169.png)
Limited Companies
Maximise Your Tax-Free Savings Interest Income: UK Guide for 2024
Over the last year UK savers have finally been in a position to earn some interest on their savings, but how is interest income taxed, and how can you maximise the tax free element of what you receive? 🤔
If you meet certain criteria or have flexibility in how you structure your income, then you can potentially enjoy up to £18,570 of your income completely tax-free!! 🥳