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PPI Tax and ESA
steven0121
Posts: 107
Forumite
Hi, sorry for this question, but i cant find an answer and it might not appply to me, but thought I should ask, as I dont like using the food banks.
In July 2017, I got a PPI refund, just under £3000, (used to pay off an overdraft if that matters), and paid just over £300 UK Witholding Tax.
Am I able to claim this back? If so do I fill in the P40 using the info on my p60U and the details on the refund breakdown, or is this a silly question?
Any help would be appreciated
In July 2017, I got a PPI refund, just under £3000, (used to pay off an overdraft if that matters), and paid just over £300 UK Witholding Tax.
Am I able to claim this back? If so do I fill in the P40 using the info on my p60U and the details on the refund breakdown, or is this a silly question?
Any help would be appreciated
0
Comments
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If your total taxable income including the interest is below your tax free allowance then you will get all the tax back. I assume you mean R40 and not P40, yes complete this from the info you have.0
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Thanks for the fast reply, the only money I got that financal year was ESA, yes sorry R40, thanks I'll send the form, if I get anything it would make a huge difference. Thanks again.0
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Sounds like you will get the full £300 back then. I think you may be able to do the claim online via your personal tax account at gov.uk. This would be quicker than sending the form by post.0
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Thanks again, I'll give the online claim a go. Really appreciate your help.0
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To complete the thread, I have just reecieved refund in full, many thanks BoGoF, hugely appreciate your help..0
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