Tax refund for Reward Payments

youngretired

I submitted a R40 back in April for reclaiming my tax paid on my Halifax reward and Co-op Everyday reward for 16/17. I contacted them as I hadn't received anything and was told that my R40 had just been filed "no change" as I had not paid any tax for 16/17. I put the payments under other income and clearly stated Halifax and Co-op reward payments.

Today I had a live chat and even though I gave them the breakdown of each account i.e. 9 x £6.25, 3 x £3.75 and 12 x £5 they have asked me to send proof of the schemes in the post. I have claimed for the last 2 years without any problems.

Has anyone else had a problem this year claiming?

Westie983

I havent tried yet this tax year as I tend to include the annual statement which hasn't arrived yet for my Halifax accounts.

Gary1963

I did mine online. Unfortunately I stated grosss instead of net! I received a letter asking me to clarify. I called and the agent processed payment.

youngretired

I did mine online and the annoying thing is they said that a letter had been sent in April on the online letter tracker and it was never received by me and when I questioned what it said they just told me that R40 received!!!

I only submitted 15/16 in February 2017 for the Halifax Reward and they paid me the tax refund without question, so why now do I have to provide proof unless it's because they had already received the tax info from the bank.

sheramber

Could be because so early in the tax year HMRC do not have the information from the bank

veryintrigued

Sent a letter seven weeks ago regarding the Halifax Rewards and the HMRC credited my Halifax Reward account three weeks ago with the missing tax.

This took around 4 days to clear.

youngretired

Did you put it in other income or under interest?

veryintrigued

youngretired wrote: »

Did you put it in other income or under interest?

Crux of letter:

I now realise that I overpaid £14* of tax for the Tax Year 2016/17 from the Halifax Reward Current account I hold – sort code xx-xx-xx account number xxxxxxxx. I understand that the ‘reward’ paid each month is net of tax and therefore can be counted as other taxable income.
This reward was reduced from £5 net on the 1st Feb 2017 to £3 net.

* is calculated from the reward payments – May ’16 – Feb ’17 @£1.25 & Mar ’17 – April @ £0.75 = £14

Good luck