www.iva.co.uk

Hi all
Me again!

Following on from our BR, my husband who is employed has received a form to fill in and send back regarding his wage. I know its standard that u stop paying tax and its usually paid to ur OR, i kinda just wanted to check on here first!!


He has got an IPA form to sign, for his tax of £97.60 a month.

TBH i wish it was taken straight from his wage, because i just find it another worry trying to keep it seperate etc.

So my question is really, is this all about right?

Thanks

Hi
Yes it does sound right.
I also think that the tax coding will only be until the start of the next tax year, April 09
Skippy is the expert on bankruptcy and I'm sure will confirm this.
Regards

You will only get an NT IPA until the new tax year when it will revert back to normal.

Don't worry if your tax code doesn't change immediately though. The code will only change when HMRC get around to it. Just carry on paying your tax as normal, and once the code changes put the money aside until you are contacted by the solicitors who collect the money for the OR (I think they are now Moon Beever).

One other thing, your hubby's tax code might not change at all - there's less than 4 months of the current tax year left, plus Christmas and New Year in the middle. I've heard that HMRC aren't always quick to implement the change - I read about someone who went BR during the summer and their code never changed!

thanks, so it will only run til end of march then? Hardly worth them collecting it then.

so if the code isnt changed by end of march, can the OR enforce it for the next tax yr?

Thanks all x

No - the Inland Revenue will have to account directly to the OR in respect of money they have incorrectly deducted. Personally, I don't know why they do not operate like this across the board, as it is very tedious to disturb someone's tax coding for such a short period of time.

I was going to go BR in April or May last year but I moved it forward to March deliberately so I wouldn't have an NT IPA.

I was going to ho BR in April or May last year but I brought it forward to avoid the hassle of an NT IPA.