Claiming tax paid on compensatory interest

Hi My car insurer sent me some money in this tax year (24/25) as an additional payment for a claim I had made (and been paid out for) in the tax year 2022/23. Naturally the company gave me compensatory interest on the amount they should have paid me originally, and then took off the tax on the interest at 8% as per the rules. I know I need to use Form R40 to claim the tax paid back. My question is this - is my claim relating to this tax year (24/25) as this is when they paid me, or is it for the tax year 2022/23, which is when the claim was settled? Thanks

Hi Puzzled,
To confirm, as the interest that was paid, arises in the current tax year, your claim will be for the current tax year 24/25. #
Thank you. 



 

Thank you for the help. ;)