ppi payout?

[jellyelly]

I was lucky enough to get some money out of a ppi claim I made! I was told on the letter that if I was self employed I needed to put it through my accounts as it was income! Is this true? I have a friend who's husband had a payout and he didn't bother telling his employer as it meant he would have to pay extra tax! Xx

[phoenix2010]

HM Revenue & Customs: Reclaiming or paying tax on interest on Payment Protection Insurance (PPI) compensation payments

does this help

[NI MINDER]

Surely this is money you have originally paid out of your wages after it has been taxed ?? - therefore why would you have to pay tax on it again....... just my thoughts. Not that I am lucky enough to have any ppi claim !