Claim tax back on interest received from a PPI claim

If you have made a claim about being mis-sold aPayment Protection Insurance (PPI) policy and also received an interest payment then you may be able to get a tax refund.This is because the interest payment is paid net of basic rate tax and for a basic rate taxpayer you are allowed to earn £1,000 of interest gross without paying tax.For a higher rate taxpayer this is £500 of gross interest.You can go back four years to make the claim and therefore theearliest you could claim is the tax year 2018/19.If this applies to you then please use this link to make your claim https://www.gov.uk/government/publications/income-tax-claim-for-repayment-of-tax-deducted-from-savings-and-investments-r40

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