Non-PAYE Income not coded in or taxed at source

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BlueHorseShoe

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If you are a PAYE taxpayer and or previously held a PAYE job in the tax year and you open a UK (like NSandI) or EU savings account (like Trade Republic) or buy UK or EU government bonds which pay gross interest all totalling under 5000 do you become a chargeable person and have to fill out a Form 11 ? - would you even have to pay preliminary tax in that tax year (same year you either have or had held a PAYE job)

Foreign income or interest is paid gross and not coded in and Revenue seem to indicate this makes you a chargeable person
 
ClubMan said:
Normally you shouldn't become self-assessed unless your non PAYE income exceeds €5K p.a.

Maybe this helps to clarify?

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This is what I thought however on their website it says this is subject to that income being coded in or taxed at source - this leaves me confused as I was in a PAYE job half way through the tax year left the job - also presumably Revenue won’t class all PAYE workers who open a Trade Republic account or UK bank account as self assessment ? - maybe if you are PAYE or were PAYE they can code in any non PAYE earnings gross earnings that you report ?
 
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You're not a chargeable person. You can report those incomes in your PAYE Tax Return (Form 12).

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Corola said:
You're not a chargeable person. You can report those incomes in your PAYE Tax Return (Form 12).

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Thanks for clarifying actually I had another similiar thread on this topic - in the Form 12 DSP jobseekers benefit shows up as non-paye income but presumably because it can be coded in and taxed at source it does not count towards the non-PAYE 5000 threshold ?
 
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