R40 Online form status "completed"- what next?

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Hi I submitted an R40 for my PPI income tax on 30 March this year and have just checked. The form status has changed from submitted to completed. But how do I find out what the decision is please? Thank you
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  • dunstonh
    dunstonh Posts: 116,655 Forumite
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    You wait until you get the response.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • QandAfromMyBrain
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    dunstonh said:
    You wait until you get the response.
    Thanks - do you know if this will be posted online or via a letter? 
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 13,693 Forumite
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    dunstonh said:
    You wait until you get the response.
    Thanks - do you know if this will be posted online or via a letter? 
    Assuming a refund is due then you will get whichever matches your preference.

    If you haven't signed up for digital correspondence then you would be sent a calculation though the post.
  • QandAfromMyBrain
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    dunstonh said:
    You wait until you get the response.
    Thanks - do you know if this will be posted online or via a letter? 
    Assuming a refund is due then you will get whichever matches your preference.

    If you haven't signed up for digital correspondence then you would be sent a calculation though the post.
    Thanks - I have an inbox on my account but I got no notification that my application had changed status to completed which is why I'm trying to find out what's going on. I kinda assumed that completed meant a decision had been made and so I'd be told what that was right away. Maybe that was a bit optimistic!

  • JoeDransfield
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    Hi, I submitted my r40 about a month back and have received a letter stating that they have checked the figures and that I apparently have not paid enough tax for that year and now they want to adjust my tax to reclaim the money. They've not stated how much and that it will be detailed in another letter. I was taxed around £500 ish on my PPI claim. I'm PAYE so I really don't understand how this could be ?
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 13,693 Forumite
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    @JoeDransfield

    What did you declare on the R40 in respect of the PPI related element?

    Were you a higher rate payer in the tax year you claimed for?
  • JoeDransfield
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    Rather stupidly I didn't screenshot what I entered and I can't see a way of getting back to the form. As for the higher rate, honestly, I've not got a clue ? I only completed the form after seeing the info come through on an email and my partner said I should do it as it's better in my pocket......... Oh the irony of that statement is not lost on me :neutral:
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 13,693 Forumite
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    Have you received a P800 calculation?

    That will show your total taxable income and hopefully separate out the interest you declared on the R40.

    Can you post the figures from that?
  • JoeDransfield
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    The only thing I have is a P60. I've received the letter from HMRC and they've calculated that I owe £496.61
    The amount submitted Gross £3336.94 Tax £667.39 Net Interest paid £2669.55. Basically it looks like I've clipped the higher tax bracket.
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 13,693 Forumite
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    The only thing I have is a P60. I've received the letter from HMRC and they've calculated that I owe £496.61
    The amount submitted Gross £3336.94 Tax £667.39 Net Interest paid £2669.55. Basically it looks like I've clipped the higher tax bracket.
    If it's not a P800 (or PA302) then what exactly is the letter you've received 🤔.

    But if you are due to pay some help gher rate tax on the interest then yes you could owe money rather than get a refund.

    I'm sure Jeremy Hunt will thank you for your honesty 😉
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