How do I know if I am eligible for a PPI tax claim? Payment Protection Insurance Tax Refund.
Channel: Ask Leonie
Date: 2021-06-18

Most people paid too much tax on their PPI claim
How do I know if I am eligible for a PPI tax claim?
First of all, we assess whether you are eligible for a claim. You just need to visit our website www.claimstaxrefund.co.uk and fill the form to check your eligibility, and our expert’s team review your case and deal it with HMRC on your behalf, the next pleasant thing that you will receive your PPI tax refund It’s as easy as that, If we need any further information from you, we will contact you.
It takes just 5 minutes of you precious time, to make your PPI tax claim. If all goes as per the plan, the next time you will hear from us will be when you receive your refund cheque. 

How much will it cost me to claim?
We work on a No Win No Fee basis you don’t need to worry about anything we will bear all upfront costs, you will only need to pay a fee if your claim got successful. That means you have nothing to lose   
More about PPI Tax Refund Claims?
When you made your PPI tax claim, your pay-out was made up of the compensation (which consists of premiums paid and their interest) and the statutory interest on the compensation, at 8% 
The statutory interest element is the only part of the claim which is taxable in the tax year that you receive it, and not the tax years in which you were paying any premiums. The statutory interest is treated for tax purposes as savings income. In most cases, basic rate tax is deducted at source on the interest element of a PPI pay-out before it is paid to you. The tax is then passed to HMRC on your behalf. But why could I be entitled to claim? 
It’s possible that you may not be liable to pay tax on the PPI interest element, e.g. if when this is added to your other savings income for the tax year, the total is within your Personal Savings Allowance, or if your total taxable income is within your tax-free personal allowance Then it is possible to claim back the tax which has been deducted at source.
At Dealing Direct Solutions we can provide experts advice in relation to claiming back the tax paid on your PPI claim, and help you recover the payment which you eligible for.
For further quires please dial 03303830310 or visit us at www.claimstaxrefund.co.uk