Help with tax re-claim PPI
in Reclaim PPI & other insurance
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Got a refund of PPI in August around £2,000. When completing a form R40 Is it just MY income and not my spouses, I declare, I am married, and I believe I have the Married couple allowance. Do I declare his income as the PPI was in my name only. The form is very confusing.
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You do include the statutory interest paid alongside the PPI refund as that is taxable and does have tax deducted.