News13 mins ago
Claiming Back Hmrc Deduction
4 Answers
We have received PPi refunds from a company who carried out the necessary searches. When we received notification of their fees they say that the 8% Statutory Interest has automatically been paid to HMRC but that if we have earned less than £1000 interest on our personal savings we should be able to claim back some or all of the money. I have tried the contact address they give on the letter but I cannot get through. Does anybody know the proper address where we can try to get some of this money back.
Answers
Best Answer
No best answer has yet been selected by hardy49. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.It's not the 8% Statutory Interest which will have been paid to HMRC but only 20% of it. (PPI companies aren't obliged to deduct tax from the payments they make; some leave it to the claimant to sort out any tax issues. However when they do deduct tax they'll deduct it at the standard rate of 20%).
If you submit an annual tax return (either physically or online) you can enter the deduction in the relevant spaces and you'll automatically get a refund. (That's what I did).
Otherwise start here:
https:/ /www.go v.uk/cl aim-tax -refund
If you submit an annual tax return (either physically or online) you can enter the deduction in the relevant spaces and you'll automatically get a refund. (That's what I did).
Otherwise start here:
https:/
-- answer removed --
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