Tax Rebate on
Ford Credit
Finance Compensation
Received a Ford Credit (FCE Bank) 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 Ford Credit 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 Ford Credit 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 Ford Credit & the FCA Compensation Scheme
Ford Credit (operated through FCE Bank plc in the UK) provides PCP and HP agreements for Ford, Kuga, Mustang, Transit and other Ford Group vehicles. Ford Credit is among the lenders caught up in the FCA's investigation into discretionary commission arrangements — practices that allowed dealers to raise customers' interest rates in exchange for higher commission, without the customer's knowledge or consent.
When Ford Credit pays out compensation that includes statutory interest, HMRC requires 20% income tax to be withheld before the funds reach you. This is an automatic deduction — it happens to every eligible payout regardless of your tax status. If you were a basic-rate or non-taxpayer in the payout year, you may be entitled to claim that amount back from HMRC.
The tax rebate claim is made directly with HMRC using an R40 repayment form, and is entirely independent of your Ford Credit compensation. Our HMRC-registered agents submit the form on your behalf — you do not need to contact HMRC, Ford Credit, or the FCA.
Am I Eligible to Reclaim Tax on My Ford Credit (FCE Bank) Compensation?
In general, you may qualify if all three of the following apply to you:
Condition 1 / 3
You received compensation from Ford Credit (FCE Bank) — via the FCA’s formal redress scheme, a standalone complaint, or a Financial Ombudsman Service decision.
Condition 2 / 3
Ford Credit (FCE Bank) deducted tax from your payout. This is confirmed in the Final Response Letter from Ford Credit (FCE Bank), 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
Yes. FCE Bank (Ford Credit's UK operating entity) is subject to the FCA's motor finance redress rules, which cover agreements made between April 2007 and November 2024. Ford Credit agreements within that window are within scope for the industry-wide compensation scheme.
Your settlement letter from Ford Credit should show a breakdown of your compensation. Look for a line referencing "statutory interest" and a "tax deducted" figure alongside it. If tax was deducted, our agents can file an R40 claim to recover it on your behalf.
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 Ford Credit (FCE Bank) compensation. It is filed directly with HMRC and does not involve Ford Credit (FCE Bank) 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 Ford Credit (FCE Bank) 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 Ford Credit Tax Rebate?
Check your eligibility in 60 seconds. Our HMRC-registered agents handle everything — no upfront cost, no HMRC contact needed.