What is the accurate untaxed income date?

Untaxed Income Date

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When registering for self assessment, in relation to the question 'untaxed income date'

If the untaxed income comes from interest generated from untaxed savings interest pertaining to the financial year 2023-2024, would it be correct to input the 06/04/2023 due to this being the first date of the financial year that the untaxed interest refers to?

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By Paul Crowley
16th Apr 2024 19:40

Does not really matter. But given that banks tend to report interest, I would enter the date of interest received (at bank) that occurred earliest in the tax year. Accrued interest receivable has no meaning for income tax.

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