PPI Tax Rebate

Appleuser_2

So this is correct then?

Appleuser_2

and thanks for assistance so far, much appreciated, 

Dazed_and_C0nfused

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

My employer is HMRC! Cant believe i owe them 2.4K

[Deleted User]

Assuming you made £13154 in savings income, then yes

brettcta

Appleuser_2 said:

My employer is HMRC! Cant believe i owe them 2.4K

No chance of staff discount?

Appleuser_2

😀 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

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

On what basis did you think you were due a refund of the PPI interest tax paid ?

Appleuser_2

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