PPI and Form R40

[Deleted User]

Arthurarthur52 wrote: »

in 19/20 he received 3 ppi refund and told to send them on seperate r40 with the letter from the provider confirming figures.

You only fill in ONE R40 detailing only the tax which you've paid on your PPI refunds...

Dazed_and_confused

1. You cannot do a Self Assessment return and an R40 for the same tax year. Do you mean Self Assessment for 2018:19 (and that is the last Self Assessment he needs to do?) and an R40 for 2019:20? Ok, point 3 is a yes to this.

2. Tax owed under Self Assessment for 2018:19 isn't (normally) collected through the 2019:20 tax code, it is 2020:21.

3. As point 1.

4. An R40 is like a simple Self Assessment return. You only complete one form per tax year. That is probably why they are being returned. So you can fill in a single new R40 correctly.

Savings interest (unless from an ISA) is taxable income. Why do you think otherwise??

smiler2020

Hi - sorry if this has already been asked. I put a claim through and i got an email to tell me my tax had changed but i needed to log . It now constantly tells me that there is a system error for that tax year but not to notify them as they are aware! Been like that for a few days , can’t get through and no letter! 

Dazed_and_C0nfused

Which tax year did you claim for and which tax year was the email about?

[Deleted User]

Can't log into your old account, "Dazed_and _C0nfused" ? 

Dazed_and_C0nfused

No, slight glitch at the moment