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Halifax refund - tax query
nikki_angel
Posts: 521 Forumite
Premium refund - £288
APR - £283
Rebate - £4.50
Based on the above figures, could someone please help me work out what tax (if any) I need to pay? I currently am a low earner not paying tax if this makes a difference.
Thank you!
APR - £283
Rebate - £4.50
Based on the above figures, could someone please help me work out what tax (if any) I need to pay? I currently am a low earner not paying tax if this makes a difference.
Thank you!
:A
0
Comments
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nikki_angel wrote: »Premium refund - £288
APR - £283
Rebate - £4.50
Based on the above figures, could someone please help me work out what tax (if any) I need to pay? I currently am a low earner not paying tax if this makes a difference.
Thank you!
In that case nothing and even if you were a tax payer you only pay tax on the 8% figure (20% of £4.50 = 90p) Halifax pay redress net anyway so they will have already taken the 90p off
Keep it all 
Successes
Sainsbury's/BOS £6,400 Paid
MBNA £3,600 Paid0 -
Thank you so much!!
I had visions of paying 20% of the £283. I have the biggest grin on my face. I know it's only small fry compared to some refunds but it was only what I was due so I am happy :A
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nikki_angel wrote: »Thank you so much!!
I had visions of paying 20% of the £283. I have the biggest grin on my face. I know it's only small fry compared to some refunds but it was only what I was due so I am happy
Great result Nikki, however small :T You can only get back what is rightfully yours, no more, no less. Well done Successes
Sainsbury's/BOS £6,400 Paid
MBNA £3,600 Paid0
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