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PPI Refund
Comments
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Hi All, this is my first post so apologies if not in the right section.
I have received a PPI refund from my bank which deducted income tax on statutory interest of 20%. Can I reclaim this from HMRC or is this correct. Sorry if this has been already answered elsewhere but any advice is appreciated.
thanks Phil
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If you're below the tax threshold, then yes. If you're a higher rate tax payer, you'll need to pay the additional tax.1
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hi thanks for the quick reply. I think I am below the tax threshold could you advise how I can check?0
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Fill in form R40 from HMRCPhilJA said:hi thanks for the quick reply. I think I am below the tax threshold could you advise how I can check?0
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