HMRC has provided clarification about who needs to pay a tax. The department issued the guidance after a question from a taxpayer who wanted to understand their potential liability. Writing on social media, the person asked whether interest earned from their current account during the 2024/2025 tax year would result in a tax bill . They asked: "I have not paid tax for them, am I in trouble?" They said they had accumulated some £60 in interest throughout the year which they had not declared.