Tax demands when in an IVA.

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iva100

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Post by iva100 » Fri Jul 10, 2009 8:45 pm
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I am currently in an iva and 2 years in and all going well, Until i had a letter from HMRC looking at my self assesment tax returns from 2006/7 2007/8.

They have so far informed me that i have been overpaid in my rebate by £2978.00 2007/8

And there is a possibility that i may owe £6129.00 from 2006/7.

In all this may amount to over £9000.00

What do i do ?

Im currently self employed ( In a partnership) and am unable to take money out the business as times are hard and we just have enough for our wages and to keap the business running.

Any Ideas ?
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Adam Davies

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Post by Adam Davies » Sat Jul 11, 2009 8:40 am
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Hi
Your 2006/7 tax liability should have been confirmed going into your IVA.
You will need to speak to your IP as soon as possible
Regards
Andam Davies
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MelanieGiles

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Post by MelanieGiles » Sat Jul 11, 2009 3:52 pm
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What date did your IVA start on?
Regards, Melanie Giles, Insolvency Practitioner
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