PPI and the dreaded tax return

sazzer

Hi all

Just a quick question. I have to complete my first tax return this year and obviously I need to declare the interest on my PPI. Does anyone know where abouts on the form I should put this?

Thanks

DrSqueeze

There's some help here:

http://www.hmrc.gov.uk/sa/forms/net-11-12.htm#a

Download the PDFs and look under the heading for Interest From Banks.

Oh, and check your PPI letters carefully as some banks pay gross, some pay net - don't want you paying tax twice.

sazzer

Many thanks for the information - much appreciated