Tax Rebate on
First Response Finance
Compensation
Received a First Response Finance compensation payout? HMRC almost certainly deducted tax before it reached you — and you may be able to get it back from HMRC.
Check If You Can Claim
Estimate Your First Response Tax Rebate
How Much Could You Be Owed?
Estimate only. Actual figure depends on your specific payout breakdown and tax status.
How to Claim Your Tax Back From HMRC
Your rebate is recovered via an HMRC R40 repayment form. Moreover, we handle everything — you don’t need to contact HMRC at any stage.
Check Eligibility
First, complete our short online form. In fact, this takes under two minutes and immediately confirms whether you qualify to make a claim.
Share Your Details
Next, provide your personal information and a copy of your MotoNovo Finance Final Response Letter showing the compensation and tax deducted.
We Handle Everything
We then prepare your HMRC R40 application, compile all supporting documentation, and submit your claim — no action required from you.
Receive Your Rebate
Finally, HMRC pays your rebate directly to you, typically within 6–8 weeks of submission. No win, no fee — our 39% + VAT applies only on recovery.
Higher rate taxpayers may not be eligible. In some cases additional tax may be due instead — we assess this before any claim is submitted.
About First Response & the FCA Compensation Scheme
First Response Finance is a Nottingham-based specialist car finance lender providing HP agreements to customers with non-standard credit profiles, working through broker and dealer networks. First Response Finance agreements made between April 2007 and November 2024 may fall within scope of the FCA's motor finance redress scheme, which covers undisclosed or discretionary commission arrangements that inflated the interest rates customers paid.
If First Response Finance compensation includes statutory interest, HMRC will deduct 20% income tax before the payment is released. This deduction applies regardless of your actual tax rate. Basic-rate and non-taxpayers can reclaim this through an HMRC R40 form — a process our registered agents manage entirely on your behalf.
The tax rebate is filed directly with HMRC and does not involve First Response Finance or the FCA in any way. It has no impact on your compensation claim or payout. Our agents submit the form, respond to any HMRC queries, and pass the repayment to you once received.
Am I Eligible to Reclaim Tax on My First Response Finance Compensation?
In general, you may qualify if all three of the following apply to you:
Condition 1 / 3
You received compensation from First Response Finance — via the FCA’s formal redress scheme, a standalone complaint, or a Financial Ombudsman Service decision.
Condition 2 / 3
First Response Finance deducted tax from your payout. This is confirmed in the Final Response Letter from First Response Finance, which sets out both the compensation amount and the tax deducted.
Condition 3 / 3
You were a basic rate taxpayer or non-taxpayer in the year the compensation was received. We confirm this as part of your free eligibility check — no guesswork required.
Higher rate taxpayers may not be eligible. In some cases additional tax may be due instead — we assess this before any claim is submitted.
Frequently Asked Questions
First Response Finance is an FCA-regulated lender and agreements between April 2007 and November 2024 are within scope of the industry-wide redress review. Customers can contact First Response Finance directly to ask about commission arrangements on their agreements.
Non-taxpayers can reclaim the full 20% withheld from the statutory interest portion of their payout. Statutory interest is typically around 50–55% of total compensation. On an £800 First Response payout, that could mean approximately £80–£88 reclaimable from HMRC.
There is no upfront cost. Our fee is a percentage of any successful rebate — if HMRC does not repay anything, you pay nothing. We will confirm our fee clearly before any claim is submitted.
No. The HMRC R40 tax rebate is completely separate from your First Response Finance compensation. It is filed directly with HMRC and does not involve First Response Finance or the FCA in any way. It will not delay, reduce or otherwise affect your payout.
Yes. You can register your interest now and our agents will file your R40 tax rebate claim in the correct tax year once your First Response Finance compensation is paid. The FCA expects most compensation payments to be made from 2026 onwards.
HMRC typically processes R40 repayment forms within 6–8 weeks of receipt. Our agents handle all HMRC communication and will keep you updated throughout.
Ready to Claim Your First Response Tax Rebate?
Check your eligibility in 60 seconds. Our HMRC-registered agents handle everything — no upfront cost, no HMRC contact needed.