Reclaimed Barclaycard PPI, but they have charged me incom tax.

harveybobbles

Reclaimed an amouint, plus 8% interest, but they have reduced it due to income tax.

Cheeky !!!!!!!

amersall

Well done on your win.
You pay tax on the 8%, if you are a non taxpayer then contact HMRC for a refund.

dunstonh

Reclaimed Barclaycard PPI, but they have charged me incom tax.

Actually, it is HMRC that levy the income tax. Barclaycard are just collecting it.

interest in the UK is taxable. The banks will collect it at basic rate. If you are a non taxpayer you can claim it back via HMRC. If you are a higher rate taxpayer than there is a further amount to pay.