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Tax refund
Comments
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Which tax year was the PPI refund/statutory interest paid out to you?
Do you mean you received letters showing identical amounts in all respects?
Do you have details of what was actually paid into each person's bank account?
Did either of you complete a Self Assessment return for the tax year the statutory interest was paid in?
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Hi Dazed_and_Confused, apologies for the late reply (been ill).
Which tax year was the PPI refund/statutory interest paid out to you? 2019
Do you mean you received letters showing identical amounts in all respects? Yes, two identical letters showing the same amounts (i.e. the total refund of PPI premiums, Compensatory interest, gross payment, tax deduction and total payment)
Do you have details of what was actually paid into each person's bank account? Yes, each of us was paid half of the total due in our joint account
Did either of you complete a Self Assessment return for the tax year the statutory interest was paid in? We didn't complete a Self Assessment return for 2019The question I can't get an answer is: the tax deduction quoted is for both of us or each one of us had that ammount deducted? As I said the HMRC helpline is not putting through to a human being no matter what time of the day I try. The webchat is not available for tax queries! hope you can still help. Many thanks
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