herra soul mob
Winger
cheers for thatThen no tax is due. If you had paid any tax at source through PAYE then that would be refundable.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
cheers for thatThen no tax is due. If you had paid any tax at source through PAYE then that would be refundable.
cheers for that
much appreciated, might have a few more at some pointNo bother, happy to answer any questions. SMB membership perk.
would you still have to do self assessment even though below p/a, after all the bank informs hmrc earned over 1k interest , hmrc dont know your income ( without access to your accounts )No bother, happy to answer any questions. SMB membership perk.
much appreciated, might have a few more at some point
would you still have to do self assessment even though below p/a, after all the bank informs hmrc earned over 1k interest , hmrc dont know your income ( without access to your accounts )
great stuff , thank youNo you should be fine, the trigger for self assessment is £10,000 of investment income.
How come your so knowledgeable about taxation mate ? I may have something to pick your brains aboutNo bother, happy to answer any questions. SMB membership perk.
How come your so knowledgeable about taxation mate ? I may have something to pick your brains about
I'm needing to claim back tax paid on the interest element of a ppi refund mate. I need to get this done before the end of the tax year as this is year 6 now since I got the ppi refund.I'm a tax advisor by trade. Should be able to help as long as it's not trust stuff as I don't get involved much in that.
I'm needing to claim back tax paid on the interest element of a ppi refund mate. I need to get this done before the end of the tax year as this is year 6 now since I got the ppi refund.
I understand its an R40 form but according to HMRC this can be done by paper or online.
I was on the phone to HMRC regarding a separate matter a couple of months back ( takes an age to get through) I mentioned to the advisor while on the phone that I needed to sort this refund out and he assured me I could do it through the HMRC app which I have on my phone. The app in general is quite Good however I've searched all over it and can't find any link on it to fill in an online R4O form. You have any idea if I'm missing something or the advisor got it wrong mate ?
I'm needing to claim back tax paid on the interest element of a ppi refund mate. I need to get this done before the end of the tax year as this is year 6 now since I got the ppi refund.
I understand its an R40 form but according to HMRC this can be done by paper or online.
I was on the phone to HMRC regarding a separate matter a couple of months back ( takes an age to get through) I mentioned to the advisor while on the phone that I needed to sort this refund out and he assured me I could do it through the HMRC app which I have on my phone. The app in general is quite Good however I've searched all over it and can't find any link on it to fill in an online R4O form. You have any idea if I'm missing something or the advisor got it wrong mate ?
I'm needing to claim back tax paid on the interest element of a ppi refund mate. I need to get this done before the end of the tax year as this is year 6 now since I got the ppi refund.
I understand its an R40 form but according to HMRC this can be done by paper or online.
I was on the phone to HMRC regarding a separate matter a couple of months back ( takes an age to get through) I mentioned to the advisor while on the phone that I needed to sort this refund out and he assured me I could do it through the HMRC app which I have on my phone. The app in general is quite Good however I've searched all over it and can't find any link on it to fill in an online R4O form. You have any idea if I'm missing something or the advisor got it wrong mate ?
Thanks for all that mate I'm going to dig all my paperwork out early next week and get on with it. I'm pretty sure I had already printed off a couple if r40 paper forms a few years back and stuffed them together with the ppi refund paperwork. So you think submitting paper forms would result in it taking ages to get my refund yes ?I don't know off the top of my head as I don't see it much. Leave it with me and I will do some digging to see what is the best method.
It does say that you can claim a refund on the app webpage. Whether that included a ppi refund, I'm not sure. Maybe search or look for anything that says claim a refund.
Failing that, like you say an R40 is the right form. You would want to go online everytime with this because they will take ages to deal with a postal R40.
My concern with an online R40 is that their website says you need to provide the ppi interest documentation.
Claim a refund of Income Tax deducted from savings and investments (R40)
Apply for a repayment of tax on your savings interest using form R40 if you do not complete a Self Assessment tax return.www.gov.uk
I would be tempted to follow the online instructions in the above link and see how far you get as there may be an upload option on the online version.
This website will help you fill out the form...
PPI tax refunds | Low Incomes Tax Reform Group
Tax may have been deducted at source from the interest element of a payment protection insurance (PPI) pay-out. If the tax deduction means that youwww.litrg.org.uk
Obviously if you get stuck just ask.
Let me know how you get on.
How did you get on, or have you not had a chance to try yet?
Thanks for all that mate I'm going to dig all my paperwork out early next week and get on with it. I'm pretty sure I had already printed off a couple if r40 paper forms a few years back and stuffed them together with the ppi refund paperwork. So you think submitting paper forms would result in it taking ages to get my refund yes ?
Hello mate, I've decided to go down the paper form route, everything is done and ready to go in the post 1st class this afternoon.Yeah, as I understand it they are taking a while to deal with paper R40s. To be honest, Iave not submitted a R40 for years. Most of my cases are self assesment.
If it was me, I would try with the online form first. HMRC may have added a feature to upload the evidence, if so, it could be done pretty quick.
I had a feeling that would be OK just with NI Number, thanks for confirmingTax Reference would normally be a person's UTR number (Unique Taxpayer Reference). If you have never been is Self assessment you wont have one. You shouldn't need on for an R40, but they will need a unique identifier which will be your National Insurance Number.
You should be safe leaving it blank.
Got 2 cheques on Friday mate Really surprised at how quick they dealt with it, I had put a note in my diary to chase them up if I'd heard nowt after a couple of monthsTax Reference would normally be a person's UTR number (Unique Taxpayer Reference). If you have never been is Self assessment you wont have one. You shouldn't need on for an R40, but they will need a unique identifier which will be your National Insurance Number.
You should be safe leaving it blank.
Got 2 cheques on Friday mate Really surprised at how quick they dealt with it, I had put a note in my diary to chase them up if I'd heard nowt after a couple of months
You send a PPI R40 to a different address than you do for other R40 claims. I'm guessing since PPI has died down massively in recent years that department must not have a lot to deal with ♂
Thanks for your help
Got 2 cheques on Friday mate Really surprised at how quick they dealt with it, I had put a note in my diary to chase them up if I'd heard nowt after a couple of months
You send a PPI R40 to a different address than you do for other R40 claims. I'm guessing since PPI has died down massively in recent years that department must not have a lot to deal with ♂
Thanks for your help