Tax Refund Increase of Personal Allowance

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Til

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Post by Til » Mon Sep 01, 2008 1:18 pm
Yee haa!
Nice to get tax back instead of paying it out!
OH and me are both on L tax codes so fingers crossed for little extra this month [:D][:D][:D]
"Hope is the feeling you have that the feeling you have isn't permanent." - Jean Kerr

IVA approved Aug 2008 - 6 year term - last payment made 6 Oct 2014. CC received 14 Nov 2014.
 
 

MelanieGiles

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Post by MelanieGiles » Mon Sep 01, 2008 1:58 pm
I cannot imagine that any IP will be seeking increased payments from their clients in order to address this matter - as presumably some people will have been struggling with their payments in the meantime.
Regards, Melanie Giles, Insolvency Practitioner
 
 

johnh

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Post by johnh » Mon Sep 01, 2008 8:31 pm
As far as I recall, anyone earning less than £19,000 per annum was worse off with the abolition of the 10p tax band (and simultaneous reduction of the standard rate to 20p). People earning more were better off i.e. it punished the lowest wage earners. This remedy is a fixed increase in the tax-free allowance. Thus everybody benefits the same but, obviously the lower income earners benefit more percentage-wise. As many people in IVAs will have been worse off since the tax change was introduced in April, this is just catching up on what has been already lost!!
 
 

caraf

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Post by caraf » Tue Sep 02, 2008 4:07 pm
I have this morning emailed my IP regarding this refund (60.00 each during September and 10.00 per month for the next 6 months each) and I received a very professional email and telephone call back advising I could keep the money.
VERY IMPRESSED WITH DFD up to now. My IVA was transferred to DFD from Clearstart earlier this year.
53 down 7 to go !!
Cant wait till December 2012
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