Tracing where a payment came from over two years ago

Garyplumber

Any ideas?! I put a deposit in my bank account two and a hall years ago, I'm sure it was from a PPI claim, but unfortunately I can't find any record of where it's from and need to prove to the tax dept that it wasn't from work (I'm self employed). I've contacted banks to see if they can provide evidence of payment but their records only go back two years. Is there maybe some sort of database fo PPI payments made? Grasping at straws I know, but any ideas?

[Deleted User]

Garyplumber wrote: »

Is there maybe some sort of database fo PPI payments made?

If Banks cannot help you, then I'm afraid you're stuffed as there is no such "database".

On a positive note, even if it was a PPI payment the interest element would still be classed as taxable income!


You might get more informed responses over on the "Budgeting and Bank Accounts" forum
http://forums.moneysavingexpert.com/forumdisplay.php?f=20

Mersey_2

A lot of refunds are not classed as taxable. Tax is however paid on the interest.


www.financial-ombudsman.org.uk/publications/guidance/comp_tax.htm


Has a brief overview re the various forms of PPI compensation, as well as a link to a more detailed guide by HMRC.


In short, not everything you receive during a tax year is 'income' for the purposes of your Self-Assessment return to HMRC. Winnings on the horses aren't either.


garyplumber - which bank? Email HQ a complaint if need be, as not heard of that before (only 2 years' worth of records).

[Deleted User]

Mersey wrote: »

Winnings on the horses aren't either.

Tax is paid on the bet itself, of course.

Mersey wrote: »

as not heard of that before (only 2 years' worth of records).

The OP wants to trace where a payment came from, I think this is where the difficulty lies. Statements should show the deposit, but not necessarily who it was from.

Mersey_2

Moneyineptitude wrote: »

Tax is paid on the bet itself, of course.

It isn't. Betting tax was abolished 15 years ago.


Apologies for the typo.


Yes, banks should be able to view this on their systems for upto 6 years (RBS can).

[Deleted User]

Mersey wrote: »

It isn't. Betting tax was abolished 15 years ago.

Shows how long it is since I was in a Bookies!

Garyplumber

Thanks for the comments- Barclays counter staff and call centre folk have both said their systems will only show the detAils of deposits for the previous 2 years but I will write to their HQ just in case it helps, I'll have a look at the other forums for any ideas too.