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PPI compensation recipients urged to check tax

HM Revenue & Customs (HMRC) has recently reported that many thousands of people will have to pay tax on the interest that they received on top of their Payment Protection Insurance (PPI)...

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HMRC continues to eye PPI tax gain

It has been reported that HM Revenue & Customs (HMRC) is continuing to eye a windfall tax year, with Payment Protection Insurance (PPI) customers having to pay tax on the interest from any...

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PPI reimbursement equal to tax cut

It has been suggested that the vast sum of Payment Protection Income (PPI) reimbursement that consumers have received could act like a tax cut in stimulating the economy. Around 16.1 million people...

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