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Tony Tax
Tony Tax, Tax Consultant
Category: UK Tax
Satisfied Customers: 15901
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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I am in receipt of employment and support allowance and have

Customer Question

Hi Pearl, I am in receipt of employment and support allowance and have been given a PPI repayment. I have paid nearly £1000 in tax, how do I reclaim this?
JA: Hi Pearl, I. The Accountant will know how to help. Please tell me more so we can help you best.
Customer: What do you need to know?
JA: Is there anything else important you think the Accountant should know?
Customer: Only that I believe that my income is below the threshold for paying income tax.
JA: I'm sending you to a secure page on JustAnswer so you can place the $5 fully refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and connect you two.
Submitted: 1 year ago.
Category: UK Tax
Expert:  Tony Tax replied 1 year ago.


Only the interest is taxable, not the PPI repayment. If you think you should not pay tax for tax year during which the PPI refund was issued, complete a form R40, take a copy and send it to the tax office with supporting documentation which you should also retain copies of.

I hope this helps but let me know if you have any further questions.

Customer: replied 1 year ago.
How do I get a form R40 please?
Customer: replied 1 year ago.
Customer: replied 1 year ago.
Sorry, question?
Expert:  Tony Tax replied 1 year ago.

You can simply print the pages from here.

Send the complete form to the address here.

Customer: replied 1 year ago.
Sorry to be a problem but I do not have a printer, is there an address I can write to or a phone number I can ring please?
Expert:  Tony Tax replied 1 year ago.

Call the number here for the R40.

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