If i do an IVA will my employer find out ?

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martin.c

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Post by martin.c » Wed Jun 18, 2008 10:16 pm
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Hi

If i do an IVA will my employer find out ?
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size5

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Post by size5 » Wed Jun 18, 2008 10:22 pm
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A lot depends on what your occupation is, but as a general rule of thumb it is very rarely a major issue.

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MelanieGiles

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Post by MelanieGiles » Wed Jun 18, 2008 11:18 pm
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Certain professions or occupations require their employees to disclose financial problems, and certain firms make this a contractual obligation. If in doubt have a read through your contract of employment, or staff handbook, or try an anonymous call to your HR department for further guidance.
Regards, Melanie Giles, Insolvency Practitioner
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jpj

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Post by jpj » Thu Jun 19, 2008 6:48 am
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Can your employer find out from your change of tax code? can an employer tell you have an IVA from a new tax code?
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angela18

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Post by angela18 » Thu Jun 19, 2008 6:49 am
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the only way your tax code changes if you are bankrupt
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
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MelanieGiles

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Post by MelanieGiles » Thu Jun 19, 2008 7:54 am
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Angela is spot on - there is no amendment to tax codes as a result of an IVA.
Regards, Melanie Giles, Insolvency Practitioner
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jpj

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Post by jpj » Thu Jun 19, 2008 8:15 am
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Im sure Mine changed when I went into an IVA ! cause I kept getting demands and my accountant said, dont worry they will stop soon as thats your old tax code and you have a new one now that everythings going under!
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MelanieGiles

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Post by MelanieGiles » Thu Jun 19, 2008 8:27 am
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Not at all. An IVA has no effect on self-assessment, so you ought to look into that jpj as it is not right.
Regards, Melanie Giles, Insolvency Practitioner
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