Posted: Mon Sep 26, 2011 8:54 am
I am now into month 4 of my IVA and all is going smoothly at the moment, however i have just received a letter from Revenue and Customs to say that in 2008 i didn't pay the correct amount of tax and that i owe £808
I have just spoken to the lovely people at Revenue and Customs and the guy i spoke with said don't worry we will just collect the payment on next years tax code. I explined that i am in an IVA and that to lose approx £75 per month to the tax man is a huge amount when your on a strict expenditure budget. I can't believe it takes them nearly 3 years to find out that i paid too little tax.
I already have an overpayment of tax credits included in my IVA, could the remaining £808 be added to this or do i have to grin and bear the extra monthly cost??
Any comments will be greatly received.
I have just spoken to the lovely people at Revenue and Customs and the guy i spoke with said don't worry we will just collect the payment on next years tax code. I explined that i am in an IVA and that to lose approx £75 per month to the tax man is a huge amount when your on a strict expenditure budget. I can't believe it takes them nearly 3 years to find out that i paid too little tax.
I already have an overpayment of tax credits included in my IVA, could the remaining £808 be added to this or do i have to grin and bear the extra monthly cost??
Any comments will be greatly received.