1st IVA review

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xstatic
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by xstatic » Wed Mar 07, 2018 3:09 pm
Hello. I'm about to undertake 1st year review and been asked to provide with bank statements and pay wages for last 6 months. Just wondering what for? does they have data from hmrc about my income to safe everyone's time? thanks.
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Foggy
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by Foggy » Wed Mar 07, 2018 3:46 pm
No, they do not have access to HMRC and you need to provide proof of your income and outgoings.
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Lisa Thomas
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by Lisa Thomas » Wed Mar 07, 2018 3:58 pm
They need to check your I&E to make sure your contributions are at the right level and no further income to be paid over etc.
xstatic
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by xstatic » Wed Mar 07, 2018 4:13 pm
Foggy wrote:
No, they do not have access to HMRC and you need to provide proof of your income and outgoings.


Do you wanna tell me that all review based on the things I’m giving to them? How are they dealing with fraud? It’s not really hard to hide some income from them.
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Foggy
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by Foggy » Wed Mar 07, 2018 5:16 pm
xstatic wrote:
Foggy wrote:
No, they do not have access to HMRC and you need to provide proof of your income and outgoings.


Do you wanna tell me that all review based on the things I’m giving to them? How are they dealing with fraud? It’s not really hard to hide some income from them.


An IVA is based on a large element of trust, but it is also easy to get caught out if you tell porkies. If caught out it could lead to charges of fraud and a criminal investigation -- it does happen!
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kallis3
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by kallis3 » Wed Mar 07, 2018 5:44 pm
Do you have a problem with HMRC?
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kathryn222
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by kathryn222 » Wed Mar 07, 2018 6:12 pm
Lisa Thomas wrote:
They need to check your I&E to make sure your contributions are at the right level and no further income to be paid over etc.
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kallis3
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by kallis3 » Wed Mar 07, 2018 6:16 pm
I think you need to let us know exactly what your problem is?
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Lisa Thomas
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by Lisa Thomas » Thu Mar 08, 2018 9:25 am
If a debtor does not declare everything and are hiding assets etc they are at risk of the IVA failing.
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