Morning all[:)]
I may be in a position to be receiving a tax refund for some fuel allowance i have been owed for the previous 3 years.
As this was all before i entered into my IVA would i have to pay it over - i am aware of the £500 windfall rule - but surely this wouldnt fall into that category?
any advice appreciated.
Not sure about this one - you will have to run it past your IP though so they're best place to advise.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi newbeginnings ... If you are paye for employment & the claim is less than £2000 they have the right to adjust this & or next years tax code. This would result in you paying less tax & therefore receiving you 'windfall' through pay & it would be subject to the 10% 50/50, as long as it's a protocol IVA. If it's a cheque over £500 it's off to your IVA sorry unless HMRC are s creditor.
The road is 72months long starting September 2010.
