Tax Rebate on
Secure Trust Bank
Finance Compensation
Received a Secure Trust Bank (Moneyway) 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 Secure Trust Bank 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 Oodle Car 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 Secure Trust Bank & the FCA Compensation Scheme
Secure Trust Bank plc (formerly known as Moneyway for its motor finance operations) is a UK challenger bank that provided car finance HP agreements through broker networks. Moneyway / Secure Trust Bank is named among lenders within the FCA's motor finance investigation, with agreements between April 2007 and November 2024 potentially subject to the industry-wide redress scheme for undisclosed or discretionary commission arrangements.
If Secure Trust Bank (or Moneyway) compensation includes statutory interest, HMRC automatically deducts 20% income tax before the payout is made. Basic-rate and non-taxpayers can reclaim this via an R40 repayment form. Our HMRC-registered agents handle the entire process — no HMRC contact is needed on your part.
Your tax rebate claim is filed directly with HMRC and is entirely separate from the Secure Trust Bank / Moneyway compensation process. It does not affect your claim, alter your payout, or require any further action with the bank. We take care of all the paperwork.
Am I Eligible to Reclaim Tax on My Secure Trust Bank (Moneyway) Compensation?
In general, you may qualify if all three of the following apply to you:
Condition 1 / 3
You received compensation from Secure Trust Bank (Moneyway) — via the FCA’s formal redress scheme, a standalone complaint, or a Financial Ombudsman Service decision.
Condition 2 / 3
Secure Trust Bank (Moneyway) deducted tax from your payout. This is confirmed in the Final Response Letter from Secure Trust Bank (Moneyway), 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
Both — Moneyway was the motor finance trading name for Secure Trust Bank. Whether your agreement paperwork references Moneyway or Secure Trust Bank, it is the same FCA-regulated entity and the same redress rules apply.
You can write to Secure Trust Bank directly to ask whether a discretionary commission arrangement applied to your agreement. Lenders are required to respond to commission disclosure requests. Our agents can assist with this process alongside your tax rebate claim.
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 Secure Trust Bank (Moneyway) compensation. It is filed directly with HMRC and does not involve Secure Trust Bank (Moneyway) 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 Secure Trust Bank (Moneyway) 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 Secure Trust Bank Tax Rebate?
Check your eligibility in 60 seconds. Our HMRC-registered agents handle everything — no upfront cost, no HMRC contact needed.