Tax refund on expenses.

8 posts Page 1 of 1
 
 

baldy

User avatar
Posts: 582
Joined: Fri Jul 23, 2010 7:25 am
Location:

Post by baldy » Sat May 07, 2011 4:33 pm
Hi everybody, i have just got a tax rebate on my expenses that i get paid weekly to buy food and parking etc while driving my lorry.

I had declared my expenses to our IVA company at the startof our IVA and it was agreed that i would pay a set amount out of them each month to bump up our IVA payments, which is in writing.

So the question is would i have to pay any of this over?.Just for the record this rebate would be April 10 to April 11. Started IVA in October 10 so maybe a percentage from October 10 to April 11? or Nothing!!!!!

Baldy
 
 

kallis3

User avatar
Forum Expert
Posts: 77157
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sat May 07, 2011 6:08 pm
Just thought I'd catch up with this even though I haven't a clue! Didn't want you to think you were being ignored!

I think you need to speak to your IP about it - how much is the rebate worth?
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
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:

Post by Shining » Sat May 07, 2011 8:01 pm
Like Jan I've not idea either maybe one of our other posters/experts do or alternative as Jan suggest do contact your IP x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

baldy

User avatar
Posts: 582
Joined: Fri Jul 23, 2010 7:25 am
Location:

Post by baldy » Sat May 07, 2011 8:53 pm
Hi how could i transfer this to the general question site?
Do i have to type it all again to the other forum?
Thanks
Baldy
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:

Post by Shining » Sat May 07, 2011 9:00 pm
I think admin may move it if it's in the wrong place. People can see it so hopefully you'll get a reply from one of the experts very soon. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

User avatar
Forum Expert
Posts: 77157
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sat May 07, 2011 9:00 pm
Copy and paste your original question baldy and put it on the 'Ask a Debt question' - you might find that you get more answers.
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
 
 

langerbridge

User avatar
Posts: 349
Joined: Fri Feb 04, 2011 4:31 pm
Location: United Kingdom

Post by langerbridge » Sat May 07, 2011 9:13 pm
It is all going to depend on how much and whether HMRC are a creditor. This may be seen as a windfall. See your T&Cs for further info. I am lucky my expenses are under £2500 and they are placed into my tax code. I suspect if this is extra monies they will want at least 50% Oct - Apr may be 100%. hopefully they don't want 100% of it all.
The road is 72months long starting September 2010.
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:

Post by Michael Peoples » Mon May 09, 2011 9:42 am
This should have beed addressed at the beginning by your IP. Your expenses should never have been used to 'bump up' your IVA payments and should have been totally ignored for IVA purposes. It would be a bit rich for your IP to now try and claim anything else but you will need to speak to them directly yourself.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
8 posts Page 1 of 1
Return to “bonus, overtime, pay rises and windfalls”