Hi, could someone offer some advice on my Tax credit award this year please?
I've just had a tax credit renewal form and am not sure if I put the ppi award I received in 12/13 tax year before I send it back to there office in Liverpool.
It was from my bank for mis sold ppi
This is exactly the award notice stated from my bank.
A Refund of payments made to you for CRP cover £1483.26
(This is the total of monthly CRP payments made to 2/November 2010)
B Refund of interest charged on CRP premiums £1375.07
C 8% simple interest per annum £406.13
D total refund = a+b+c = £3264.46
I'm not sure if it counts as income because they are just giving me back my money, please could someone offer there input or advice if possible.
Thanks
I've just had a tax credit renewal form and am not sure if I put the ppi award I received in 12/13 tax year before I send it back to there office in Liverpool.
It was from my bank for mis sold ppi
This is exactly the award notice stated from my bank.
A Refund of payments made to you for CRP cover £1483.26
(This is the total of monthly CRP payments made to 2/November 2010)
B Refund of interest charged on CRP premiums £1375.07
C 8% simple interest per annum £406.13
D total refund = a+b+c = £3264.46
I'm not sure if it counts as income because they are just giving me back my money, please could someone offer there input or advice if possible.
Thanks