PPI TAX REFUND

I read up on applying for tax refunding, I made my application on Gov.co.uk, I now have 4 tax bills for over £15000 worth of PPI, because I'm already paying 40% on my salary I have no chance of a refund but need to pay an extra 20% tax on what I received in PPI claims. 

Replies

  • edited 25 November 2020 at 5:29PM
    brettctabrettcta Forumite
    4.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    edited 25 November 2020 at 5:29PM
    Ok. What’s your question?
    (It sounds like you’ve not read up enough/properly and made a balls up. That or you’ve had astronomical amounts of redress?)
    helpful tips
    it's spelt d-e-f-i-n-i-t-e-l-y
    there - 'in or at that place'
    their - 'owned by them'
    they're - 'they are'
    it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)
  • Dazed_and_C0nfusedDazed_and_C0nfused Forumite
    9.6K Posts
    1,000 Posts Third Anniversary Name Dropper
    Forumite
    PPI refunds aren't taxable and don't have tax deducted from them.

    What exactly have you notified HMRC of?
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