Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

[di30]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

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Deloitte dont just provide for the FSCS, they also provde consultants for the FOS as a friend of mine worked on PPI cases their, so in my view the fact that they are providing for L/TSB is nothing to get over concerned about.

I didn't realise that, so I take it then if they are providing for Lloyds they will do so for other banks/businesses that have ongoing backlogs of PPI complaints?

[Angry Cat]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Clearly Santander were a smaller operation and easier to deal with but that would suggest that asking for a leave of absence due to stress means that he is not really the right person for the job and I think Lloyds headhunted him

Lloyds, rode roughshod over their customers as did many other banks

One is not surprised that the new CEO of Lloyds required absence of leave due to stress...
António Mota de Sousa Horta Osório - Wikipedia, the free encyclopedia
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I didn't realise that, so I take it then if they are providing for Lloyds they will do so for other banks/businesses that have ongoing backlogs of PPI complaints?

About

[leclerc]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Lloyds, rode roughshod over their customers as did many other banks

One is not surprised that the new CEO of Lloyds required absence of leave due to stress...
António Mota de Sousa Horta Osório - Wikipedia, the free encyclopedia
------------------------------- merged -------------------------------



About

Ermmm, but the topic was Antonio Osorio so my comment was basically say that I do not care if he has stress because perhaps Lloyds made a mistake hiring him in spite of the good reputation that he had as CEO of Santander......
With regards to LTSB, I don't disagree with you and interesting to note that Antonio Osorio's father played table tennis.....not a lot of people know that!!!

[di30]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Cheers Angry Cat.

Tried the link, it not working for me, will keep trying, thanks again.

[seller 17]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

I didn't realise that, so I take it then if they are providing for Lloyds they will do so for other banks/businesses that have ongoing backlogs of PPI complaints?

See this link;

http://www.thisislondon.co.uk/standa...in-the-city.do

[EXC]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Thought this was rather amusing.

[EXC]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Millions face unexpected tax bill over PPI

Millions face an unexpected tax bill over PPI compensation. Customers who have waited weeks, sometimes months for their money will have to pay tax on the interest they receive. It was agreed with the regulator - the FSA - that victims of PPI mis-selling would receive interest at 8% - but that could come down significantly after the revenue have had their cut.

If you want to contact HMRC regarding tax on PPI contact the Income Tax enquiry line on 0845 300 0627 or write to PO Box 1970, Liverpool L75 1WX.

Listen to the piece on BBC Money Box here BBC iPlayer - Money Box: 12/11/2011

[Turboman]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Hmm Exc

Bit of a mess--RBS deducting at source and the others not----and telling customers to "declare it"

In actual fact Exc--Halifax & others been putting this in their refund letters for a few years-not just PPI but straight bank charges claims

Question: Will all those people who got 8% back in last 7 years (Tax window for Taxman investigations I believe) declare it--I think not-lol

Turbs

Millions face unexpected tax bill over PPI

Millions face an unexpected tax bill over PPI compensation. Customers who have waited weeks, sometimes months for their money will have to pay tax on the interest they receive. It was agreed with the regulator - the FSA - that victims of PPI mis-selling would receive interest at 8% - but that could come down significantly after the revenue have had their cut.

If you want to contact HMRC regarding tax on PPI contact the Income Tax enquiry line on 0845 300 0627 or write to PO Box 1970, Liverpool L75 1WX.

Listen to the piece on BBC Money Box here BBC iPlayer - Money Box: 12/11/2011

[EXC]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Question: Will all those people who got 8% back in last 7 years (Tax window for Taxman investigations I believe) declare it--I think not-lol

Turbs

I doubt it as I would imagine that most of those people were genuinely unaware that the interest was taxable.

[Bill-K]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

I don't get it. It's compensatory interest - awarded for loss of use of money which we have already earned and paid tax on. It's NOT an investment we have chosen to make - and at 8% simple interest rate, it surely cannot be considered as one.

How on earth can this be justified ?

[cappo]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

I don't get it. It's compensatory interest - awarded for loss of use of money which we have already earned and paid tax on. It's NOT an investment we have chosen to make - and at 8% simple interest rate, it surely cannot be considered as one.

How on earth can this be justified ?

It's just backdoor robbery billy boy, the government feel they can do whatever they want i don't know who are the bigger crooks the banks or the government. :tinysmile_cry_t:

[TUTTSI]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

It would only be taxable surely if one was self enployed and used the bank charges and interest in the accounts to offset tax only then can they deduct tax at source.

[cappo]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

It would only be taxable surely if one was self enployed and used the bank charges and interest in the accounts to offset tax only then can they deduct tax at source.

Hi tutts hows your little ole darlin today (cat)

[TUTTSI]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Hi tutts hows your little ole darlin today (cat)

she has slept all day lol

[Bill-K]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

I must admit, I'm a 'cat' person - it's probably their naughty nocturnal nature that I identify with !!! Love the critters.

I really hope someone takes them to task over this, with a 'Sempra' style challenge, because - as Cappo says - it's backdoor robbery. Since when has compensation been taxable ?

I guess, as EXC has implied, it's maybe not such a big deal to most of us, where our claims include maybe a few hundred quid in compensatory interest. I'm self-employed, and I've a dashed good mind to ask the Inland Revenue EXACTLY what this money is classed as - for the purposes of filling in my Tax Return accurately. It's not earned income, it's not investment income - it's friggin' compo, DESPITE the fact that it has been awarded at a disgustingly low rate, IMHO.

I'm not sure on this - and maybe Tuttsi can put me right - but isn't there a 'mandate' arrangement whereby we can elect to have the interest on our investments (such as savings) paid to us NET of tax ? Unless we have given our bank this mandate, then I believe the default of paying interest GROSS would apply. Again, confusion abounds, I reckon, as this may be the different scenario which Turbo has mentioned. I would personally challenge my bank if they deducted tax at source from my measly 8% compo - on the grounds that it is CLEARLY not investment income.