reclaiming interest/carers allowance 29 January 2021 at 9:38PM in Reclaim PPI & other insurance 1 reply 61 views

Alisonpeta

I want to make a claim for interest paid having received compensation in 2019 when I also started receiving the standard carers allowance. Do I need to put the carers allowance received on the R40 for that year. I have tried without success to contact HMRC and if that is the case to find out what the amount is. I did not understand what it meant on the guidance notes. Thanks

Dazed_and_C0nfused

Presumably you mean you want to claim back the tax deducted from interest?

Carers Allowance is a taxable benefit and needs to be included on the R40.  It goes in box 2.5 on the paper form.

https://www.gov.uk/income-tax/taxfree-and-taxable-state-benefits