Have You or Your Insolvency Practitioner Claimed a PPI Payout?
If you or your insolvency practitioner have successfully claimed for mis-sold Payment Protection Insurance (PPI), you could be entitled to a rebate from HM Revenue & Customs.
It is important to remember that even if you are unaware that a claim has been made, it is usually a condition of your IVA and therefore in many cases your Insolvency Practitioner will have made a claim on your behalf. Therefore you would be entitled to a rebate of the income tax withheld on the payout.
Check NOW whether you are eligible, before the deadline!
How Much Can I Claim?
If you have had a successful claim from your lender(s) for Mis-Sold Payment Protection Insurance (PPI) since April 2017, you are entitled to a rebate from HM Revenue & Customs for the income tax deducted by your lender.
Am I Eligible?
Your eligibility for a PPI Tax Rebate is based around your income in the year you received the compensation, as well as how much compensation you received and your personal income and employment circumstances.
How Does It Work?
To benefit from a PPI Tax Rebate, an application must be made to HM Revenue & Customs – following which your claim will be reviewed by a HMRC officer to ascertain your eligibility. These claims can be processed quickly and easily online via the Rebate Gateway.