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Tax and PPI refunds?
Comments
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can someone confirm whether tax is only due on the 8% interest element of the refund - or all the interest (on the refunded premiums).
I know the refunded premiums are tax free.
Thanks
Woody
JUST the 8% interest and ONLY if it has been paid GROSS.
Don't inform HMRC until you have it in you bank
Successes
Sainsbury's/BOS £6,400 Paid
MBNA £3,600 Paid0 -
Sorry, one more question on this... how do we inform HMRC? Just call them?
Thats IF it's been paid gross 0 -
psychopathbabble wrote: »Sorry, one more question on this... how do we inform HMRC? Just call them?
Thats IF it's been paid gross
I take it you've never tried to call them before
I'd write to your tax office inclosing the ppi offer letters etc, ask for a response 0
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