Halifax Reward Acc non tax payer

Lily1

I know this has been covered before but I must have misunderstood the answer. As I have been a non tax payer for two years now I thought I would sort out my Reward account. I printed off a form to claim the tax back and sent this to HMRC. They sent this back saying I should take it to my bank, eventually I went to the local Halifax and they forwarded the document to head office. After a couple of months receiving the net amount of £5.00 I rang today to be told that everyone is classed as a tax payer and I should claim through the tax office each year.
Can anyone clear this up for me, small amounts I know but better off in my pocket!

opinions4u

Halifax Reward payments are paid net.

Any reclaim by non-taxpayers should be via HMRC. Form R40 if I recall correctly.

http://www.halifax.co.uk/bankaccounts/current-accounts/reward-current-account/

You may reclaim tax from HM Revenue & Customs if the amount of tax we have taken off is more than you have to pay. This may change in the future. To find out more visit www.hmrc.gov.uk/incometax.

Don't describe this as an interest payment to HMRC. It's treated differently (for reasons I know not!).

jennifernil

Yes, R40 is correct. You reclaim after the end of each tax year. The "gross interest" (it is entered as such) is £6.25, nett £5, tax deducted £1.25 (all per month).

Although Halifax say it is not interest, that is what you reclaim it as. I have been reclaiming since the Rewards were first introduced.

You cannot submit the usual R85 to Halifax to get it paid gross.

glider3560

opinions4u wrote: »

Don't describe this as an interest payment to HMRC. It's treated differently (for reasons I know not!).

My tax office told me just to add it onto the interest section, which is what I've done for two years now.

Lily1

Thanks everyone, will try again sending to HMRC.

jennifernil

Did you submit an R40 previously, and HMRC rejected it?

Mikeyorks

jennifernil wrote: »

Did you submit an R40 previously, and HMRC rejected it?

An R85 by the description?

Lily1

Yes I think I sent the wrong form, but did send a covering letter, just got a note written on the returned form 'take to bank'. I have noted down which form to use and will send after April. Thanks once again.