Claiming Yourself – the R40 Nightmare
Whilst you can attempt to reclaim your PPI tax back using an R40 Form, HMRC have made this process a real headache. Unfortunately, you’d need to enter a whole heap of details regarding income etc. and if you received more than one PPI pay-out in different tax years, then you will need to complete multiple R40 Forms.
Moreover, some money-saving ‘experts’ have suggested attaching further letters to accompany this extensive form to try and resolve the issue. Yet, they have openly admitted that even this may not help your case in achieving a PPI tax rebate.