Taxes and Fees
Tax may be deducted from the interest included in your compensation payments. Contact your tax office, or call the income tax helpline on 0300 2003300 for help and information regarding the tax you have paid and your entitlement to claim it back, where applicable.
Our panel of Financial Claims Management companies will charge a fee of 36% inclusive of VAT of the gross offer of compensation (including all taxes where applicable). Some examples of our charges are set out below:
||Fee (36% inclusive of VAT)
||Amount returned to Client, before deduction of taxes
|£1000 gross payment received
|£500 cash and £500 reduction to a loan
|£1000 reduction to a loan