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Barclaycard Refund

I have been given a ppi refund
by Barclaycard could i get a tax refund on this

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you're below the tax threshold.
  • Yes i have not worked in2019
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 17,805 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    edited 9 March 2020 at 10:03PM
    Tax isn't deducted from PPI refunds, just the statutory interest/compensation paid alongside the PPI refund.

    If your total taxable income, including the statutory interest/compensation is less than £17,250 (possibly more) in the current tax year then you should be able to claim all the tax deducted back by completing form R40.
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