Tax payments on interest

delerium

Hi All,

I'm after a little advice. After 2 successful claims amounting to almost £7500, I was informed by the respective banks that a percentage of the interest would be paid in tax to HMRC, which as I understand it is all above board, HOWEVER, I don't live in the UK anymore and therefore don't pay tax there. I was therefore advised by the banks to call HMRC to arrange a refund of this after the obligatory 35 days to pay it to them.

I have called HMRC on 4 separate occasions, the most recent of which was today 70 days after the payment, and on each occasion they have advised that they have received no tax payment. Last time I phoned it was 5 days before the 35 day time frame and they advised phoning the banks which I did and I was reassured that the tax would be paid. I am now getting concerned as I will have to pay tax on it here which will with the tax already taken off will amount to around £1500. I have no aversion to paying what I need to but really would prefer not to have to do it twice in two different countries!

Any advice would be greatly appreciated - or anyone come across the same?

Dazed_and_confused

You might do better by googling gov.uk R43 and looking at the form and accompanying notes.

I think the bank were probably joking about the 35 days, going by the number of PPI successes posted on here they probably pay millions over on a regular basis so how HMRC would know which bit belongs to you is a mystery

[Deleted User]

You'll be able to reclaim any overpaid tax at the end of this tax year, not in "35 days".