Tax Rebate on
Novuna Vehicle Solutions
Compensation
Received a Novuna Vehicle Solutions 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 Novuna 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 Creation Financial Services 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 Novuna & the FCA Compensation Scheme
Novuna Vehicle Solutions (formerly Hitachi Capital Vehicle Solutions, and before that Hitachi Capital UK) is a major UK car and vehicle finance provider, now operating under the Mitsubishi HC Capital brand group. Novuna is among the lenders affected by the FCA's investigation into motor finance commission practices, with agreements made under the Hitachi Capital and Novuna brands between April 2007 and November 2024 potentially falling within scope of the redress scheme.
Where a Novuna Vehicle Solutions (or Hitachi Capital) compensation payout includes statutory interest, HMRC requires 20% income tax to be deducted before payment. If you were a basic-rate or non-taxpayer in the year of your payout, this deduction may be reclaimable from HMRC using an R40 repayment form.
The tax rebate claim has no bearing on your Novuna compensation and requires no contact with Novuna or the FCA. Our HMRC-registered agents prepare your R40 and deal with HMRC directly — you simply receive any repayment once it is processed.
Am I Eligible to Reclaim Tax on My Novuna Vehicle Solutions Compensation?
In general, you may qualify if all three of the following apply to you:
Condition 1 / 3
You received compensation from Novuna Vehicle Solutions — via the FCA’s formal redress scheme, a standalone complaint, or a Financial Ombudsman Service decision.
Condition 2 / 3
Novuna Vehicle Solutions deducted tax from your payout. This is confirmed in the Final Response Letter from Novuna Vehicle Solutions, 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. Hitachi Capital Vehicle Solutions rebranded to Novuna Vehicle Solutions, but the same entity holds the agreements. Whether your paperwork says Hitachi Capital or Novuna, your agreement is covered by the same FCA redress rules.
Your settlement documentation from Novuna should include a breakdown showing statutory interest and any tax withheld. Look for a line such as "income tax deducted" alongside the statutory interest figure. If present, an R40 rebate claim can be made.
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 Novuna Vehicle Solutions compensation. It is filed directly with HMRC and does not involve Novuna Vehicle Solutions 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 Novuna Vehicle Solutions 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 Novuna Tax Rebate?
Check your eligibility in 60 seconds. Our HMRC-registered agents handle everything — no upfront cost, no HMRC contact needed.