PPI claiming tax back. 9 March 2020 at 5:30PM in Reclaim PPI & other insurance 1 reply 82 views

stingray_316

As l gather you have to claim statutory tax back from a ppi claim with a R40 form .
l have a few questions l hope someone can give me the answers to before l proceed.
The first is I had two successful ppi claims and l can only find the paperwork for one so l cannot remember the figures needed to put on the R40 form .
Second is as l don’t earn enough l don’t pay tax so would l be taxed on these claims .
Do you do the claim on line or do you have to request a form by post.
      

Dazed_and_C0nfused

stingray_316 said:

As l gather you have to claim statutory tax back from a ppi claim with a R40 form .
l have a few questions l hope someone can give me the answers to before l proceed.
The first is I had two successful ppi claims and l can only find the paperwork for one so l cannot remember the figures needed to put on the R40 form .
Second is as l don’t earn enough l don’t pay tax so would l be taxed on these claims .
Do you do the claim on line or do you have to request a form by post.
      

You will need to get the figures from the company which made the PPI payout.

Why do you think you might be taxed on any tax refund 

You can do it online or print the form off gov.uk I think.  HMRC will probably post one to you if you ask.