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by justin89
Mon Feb 02, 2009 11:42 am
Forum: self employed and company/business
Topic: if you are trading as asole trader and owe the tax
Replies: 10
Views: 8194

Hi i cant seem to understand my situation..i pay my accounts from january - december does that mean all monies i owed previous to my iva will be cleared at the end of my iva (5 years)and jan 2007 - december 2007 profits will also not be payable, although jan 2008 - december 2008 profits wil be payab...
by justin89
Sun Feb 01, 2009 1:44 pm
Forum: self employed and company/business
Topic: if you are trading as asole trader and owe the tax
Replies: 10
Views: 8194

hi if my iva started sept 07 , my tax year as a sole trader runs jan - dec would the tax for o7 and 08 ( 2years) be included in the iva ...then would i have to pay for o9 this years at beginning of 2010????i keep getting letters saying there is interest adding on to my owed tax.at the end of 5 years...
by justin89
Sun Feb 01, 2009 1:21 pm
Forum: self employed and company/business
Topic: if you are trading as asole trader and owe the tax
Replies: 10
Views: 8194

if you are trading as asole trader and owe the tax man money how will this work with an i.v.a? do you have to constanly pay the tax and national insurance over the 5 years.
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