HMRC debt

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Post by peter583 » Sun Mar 10, 2019 9:14 am
I have previosuly had an IVA and i completed it with a full and final offwer. I sound this forum very helpful at the time so I was hoping someone could share some wisdom on my current situation.
I owe HMRC over £20,000 for Self Assesment. I have the money invested and can not get it out of my investment yet. There has been a delay, which means I can't pay it yet. I had planned to swallow up the interest and pay them in May.

I was advised my a friend to not contact them j=but just ignore the letters for now, well that plan didn't go well! I've just had a hand-delivered letter from Debt Management Field Force support.

What are my options now, will I be able to contact HMRC and delay payment? The hand-delivered letter states extra charges beyond the usual HMRC interest.



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Post by kallis3 » Sun Mar 10, 2019 9:59 am
Personally speaking I would phone them and explain the circumstances. Hopefully they will be helpful.

It doesn't pay to ignore HMRC.!
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Post by Foggy » Sun Mar 10, 2019 10:09 am
The "extra charges" are a penalty for attempting to ignore them ! HMRC are usually happy to negotiate on matters as long as they believe that you are playing ball --- but cross them and they will bring hell to life !! Believe me, the last thing you want is a full investigation.

They cannot be expected to participate in a solution they know nothing about.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

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Post by Lisa Thomas » Tue Mar 12, 2019 9:52 am
I presume this is a new debt that arose post your IVA?

I would advise HMRC that the monies are tied up in the investment and show them the evidence of when it can be released and their debt paid. Try to get their consent to a delay in payment.
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Post by normanna » Tue Mar 12, 2019 11:57 am
I can't see why HMRC would be willing to drop extra charges and interest. At the end of the day you chose to invest rather than pay your taxes as you surely must have known you were due to pay them. You can only ask them and do begin a dialogue to pay the taxes now as quickly as you can so you don't incur higher charges.
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