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PPI Tax Rebate

2

Comments

  • Appleuser_2
    Appleuser_2 Posts: 14 Forumite
    Tenth Anniversary 10 Posts Combo Breaker

    So this is correct then?

  • Appleuser_2
    Appleuser_2 Posts: 14 Forumite
    Tenth Anniversary 10 Posts Combo Breaker
    and thanks for assistance so far, much appreciated, 

  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 17,970 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    edited 29 July 2021 at 4:20PM
    Looks fine.

    For the interest you have been taxed,

    £500 x 0% = £0.00
    £12,654 x 40% = £5061.60

    Less tax paid £2,630.86

    Tax owed £2,430.74

    The small extra bit is what you will owed before which HMRC ignore unless they need to send you a calculation.

    Nice to see your own employer got it right!
  • Appleuser_2
    Appleuser_2 Posts: 14 Forumite
    Tenth Anniversary 10 Posts Combo Breaker
    My employer is HMRC! Cant believe i owe them 2.4K
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Second Anniversary Photogenic Name Dropper
    Assuming you made £13154 in savings income, then yes
  • brettcta
    brettcta Posts: 4,693 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Appleuser_2 said:
    My employer is HMRC! Cant believe i owe them 2.4K
    No chance of staff discount?
    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)
  • Appleuser_2
    Appleuser_2 Posts: 14 Forumite
    Tenth Anniversary 10 Posts Combo Breaker
    😀 I wish! Tried speaking to hmrc helpline yesterday but they were not helpful and asked me to write in.. hounded by calls on claiming tax back and decided to do r40 route myself. Wish I hadn’t!!
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 17,970 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Appleuser_2 said:
    😀 I wish! Tried speaking to hmrc helpline yesterday but they were not helpful and asked me to write in.. hounded by calls on claiming tax back and decided to do r40 route myself. Wish I hadn’t!!
    What are you writing in about 🤔.
  • molerat
    molerat Posts: 34,878 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 7 August 2021 at 8:03PM
    On what basis did you think you were due a refund of the PPI interest tax paid ?
  • Appleuser_2
    Appleuser_2 Posts: 14 Forumite
    Tenth Anniversary 10 Posts Combo Breaker
    Dazed_and_C0nfused said:
    Appleuser_2 said:
    😀 I wish! Tried speaking to hmrc helpline yesterday but they were not helpful and asked me to write in.. hounded by calls on claiming tax back and decided to do r40 route myself. Wish I hadn’t!!
    What are you writing in about 🤔.
    They asked me to send in the figures from settlement 
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