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Posted: Sat Jul 23, 2011 11:47 am
by Jonathan.63
My IVa has finished (awaiting completion cert)
will my tax code change now my IVA is over?
Im self employed (so have an accountant who does my business and personal tax returns) do I need to advise him that my IVA has completed?, and if so, do I tell him now, or when the certificate arrives? thanks
Posted: Sat Jul 23, 2011 11:57 am
by kallis3
Hi and welcome to the forum.
Your IVA will have had no impact on your tax code at all.
Posted: Sat Jul 23, 2011 12:07 pm
by luluj
well done on finishing your IVA ...now enjoy a debt free life !!! Your tax code is unaffected !
Posted: Sat Jul 23, 2011 4:57 pm
by plasticdaft
Did your tax code change at the start of the IVA?
Paul
Posted: Sat Jul 23, 2011 5:03 pm
by kallis3
It shouldn't have done Paul - only BR alters your tax code.
Posted: Sat Jul 23, 2011 5:45 pm
by plasticdaft
I wasnt sure if debts to hmrc may make a difference. I knew that BR alters your tax code.
Paul
Posted: Sat Jul 23, 2011 5:47 pm
by kallis3
Not sure about that Paul - don't know if the OP had any debts to HMRC.
Posted: Sun Jul 24, 2011 4:13 am
by langerbridge
If you had HMRC debt outstanding then possible but this should of been added to IVA anyhow. As others say BR changes tax code an IVA shouldn't but this will largely depend on your own circumstances.
Posted: Sun Jul 24, 2011 11:23 pm
by MelanieGiles
Your tax code should not have been affected by the IVA at all - so there will be no change as a result of its conclusion.
Posted: Sun Jul 24, 2011 11:29 pm
by Adam Davies
Hi
Could they have reduced it by mistake to collect under payment ?
Regards
Posted: Mon Jul 25, 2011 7:56 am
by jpj
Maybe the change just happened to coincide with my IVA!...I did owe HMRC money, that was included in my IVA.
Thanks for the advice anyway.
Posted: Mon Jul 25, 2011 12:05 pm
by animaleyes76
Congrats on finishing
