UK Interest 01 - Taxed UK interest etc. the net amount after tax has been taken off

If you have a bank or building society account that pays you net interest, enter the amount in this box.

Copy the net interest details from your statements or electronic vouchers. If you have more than one account, add up all your net interest and put the total in this box.

Include any net income (after tax has been taken off) from a purchased life annuity. Use the details on your payment certificate and only put the income part of the payment in this box. Do not include the rest of the payment.

If you received cash or shares following the takeover or merger of building societies, you may have to pay tax on the income. If you do, include it in this box.

If you think the information you are adding has an effect on your 6 April 2020 to 5 April 2021 or 6 April 2021 to 5 April 2022 PAYE Tax codes there is guidance to tell you how to let HMRC know of the change - If you think your code is wrong.