Tax Rebate on
RCI Financial Services
Compensation
Received a RCI Financial Services (Mobilize) 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
What Is a Car Finance Tax Rebate — and Why Might You Be Owed One?
When RCI Financial Services (Mobilize) pays compensation under the FCA’s motor finance redress scheme, HMRC requires the statutory interest element to be taxed at the basic rate of 20% before the funds are released to you. This deduction happens automatically — before any money reaches you.
Most people receive their RCI Financial Services (Mobilize) payout, see the tax deduction noted on their settlement paperwork, and assume it is simply how things work. In many cases, it is not. If you were a basic-rate taxpayer or a non-taxpayer in the year you received the compensation, you may be entitled to reclaim that deducted tax directly from HMRC — without needing to contact HMRC yourself at any stage.
Importantly, this is completely separate from your original RCI Financial Services (Mobilize) compensation. Reclaiming the tax does not affect your payout, has no bearing on the FCA process, and requires no further contact with RCI Financial Services (Mobilize). Our HMRC-registered agents handle everything on your behalf.
Estimate Your RCI 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 Mobilize 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.
About RCI & the FCA Compensation Scheme
RCI Financial Services — now rebranded as Mobilize Financial Services — is the captive finance arm of the Renault Group, providing car finance for Renault, Nissan, Dacia and Infiniti vehicles in the UK. RCI has confirmed it operated both discretionary commission arrangements (DCAs) and non-discretionary commission agreements, meaning both types of Renault/Nissan/Dacia customers may be within scope of the FCA's redress scheme.
Where an RCI / Mobilize Financial Services compensation payout includes statutory interest, HMRC requires 20% income tax to be withheld before the money reaches you. This applies automatically regardless of your tax status. Basic-rate and non-taxpayers may be able to reclaim this deduction through HMRC's R40 process.
The tax rebate is filed directly with HMRC — it is completely independent of your RCI compensation claim, has no impact on your settlement, and requires no interaction with Mobilize or the FCA. Our HMRC-registered agents manage the R40 repayment submission from start to finish.
Am I Eligible to Reclaim Tax on My RCI Financial Services (Mobilize) Compensation?
In general, you may qualify if all three of the following apply to you:
Condition 1 / 3
You received compensation from RCI Financial Services (Mobilize) — via the FCA’s formal redress scheme, a standalone complaint, or a Financial Ombudsman Service decision.
Condition 2 / 3
RCI Financial Services (Mobilize) deducted tax from your payout. This is confirmed in the Final Response Letter from RCI Financial Services (Mobilize), 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.
Frequently Asked Questions
Yes — RCI (now Mobilize) has confirmed it used both discretionary and non-discretionary commission arrangements on its UK car finance agreements. Both types are within scope of the FCA's redress rules, covering agreements from April 2007 to November 2024.
If your agreement was arranged through RCI Financial Services (now Mobilize) between April 2007 and November 2024, you are within scope. Once a compensation payout is made including statutory interest, 20% will have been deducted — and that amount may be reclaimable via 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 RCI Financial Services (Mobilize) compensation. It is filed directly with HMRC and does not involve RCI Financial Services (Mobilize) 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 RCI Financial Services (Mobilize) 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 RCI Tax Rebate?
Check your eligibility in 60 seconds. Our HMRC-registered agents handle everything — no upfront cost, no HMRC contact needed.