Search found 44 matches

Search found 44 matches Page 1 of 3
by Coline81
Fri Jan 18, 2019 6:17 pm
Forum: Ask IVA Forum and Industry experts
Topic: Payment break
Replies: 13
Views: 3458
Ok I’ve checked the annual statement that we received last week. It has 2 HMRC amounts on it one which is £722 which is definitely for 2016-2017 tax bill. The other amount is for £876 which if I work it out would be approx the tax bill for 5.5 months after the start of the tax year up until we took ...
by Coline81
Thu Jan 17, 2019 6:18 pm
Forum: Ask IVA Forum and Industry experts
Topic: Payment break
Replies: 13
Views: 3458
My goodness I'm so confused! I've looked at the paperwork....so we took out the IVA end Oct 2017. In the paperwork it gives a projected income to October 2018 with a projected tax payment of £938. That is the only self assessment tax figure that is included in the list of creditors but we didn't pay...
by Coline81
Wed Jan 16, 2019 1:06 pm
Forum: Ask IVA Forum and Industry experts
Topic: Payment break
Replies: 13
Views: 3458
The tax bill from 2016-2017 was included in the IVA as we took out the IVA in Oct 2017. So we have to pay the tax bill for 2017-2018 and half of the tax bill for 2018-2019 by the 31st. Plus all the car issues I've had in the past 3 months, I've paid out over £500 for repairs and MOT.
by Coline81
Wed Jan 16, 2019 9:41 am
Forum: Ask IVA Forum and Industry experts
Topic: Payment break
Replies: 13
Views: 3458
Well i emailed my IP on Wednesday evening and still haven't got a response. I asked her on Friday how long it normally takes to approve a payment break and she said it had been forwarded to the supervisor inbox for approval and someone would be in touch shortly. I've taken my car to the garage today...
by Coline81
Thu Jan 10, 2019 10:34 am
Forum: Ask IVA Forum and Industry experts
Topic: Payment break
Replies: 13
Views: 3458
It starts 28th Nov 2017 and we haven't had any payment breaks up until now. This is the first year that my husband has had to make an on account payment which we had never even heard of before and our accountant didn't do our tax return for 2017 - 2018 until Sept 2018 when we were advised that not o...
by Coline81
Wed Jan 09, 2019 1:21 pm
Forum: Ask IVA Forum and Industry experts
Topic: Payment break
Replies: 13
Views: 3458
Hi...do you think my Iva provider will allow us to take a payment break in order to pay the self assessment tax bill? We have to pay an on account payment as well as last years tax bill and we’re really struggling.
by Coline81
Mon Sep 03, 2018 5:24 pm
Forum: Ask IVA Forum and Industry experts
Topic: Self Employed
Replies: 9
Views: 5345
I don’t think the accountant was expecting it to go up that much and neither were we. I’ve re-read his t&c’s and can’t see anything about a back payment so at least that something. I guess they will treat as if I got a pay rise at the review and just increase the IVA payments by 50%. I’m going t...
by Coline81
Mon Sep 03, 2018 1:20 pm
Forum: Ask IVA Forum and Industry experts
Topic: Self Employed
Replies: 9
Views: 5345
I have been sending my payslips to them quarterly but they have never asked for anything from my husband. I know that when we started the process they asked if last years earnings were pretty standard and i said yes - which they were and have proof of this. I'm really panicking that they will make u...
by Coline81
Mon Sep 03, 2018 12:10 pm
Forum: Ask IVA Forum and Industry experts
Topic: Self Employed
Replies: 9
Views: 5345
Hi…my husband and I are in a joint IVA. He is self-employed, I am not. When we started the IVA process in Sept 2017 we obviously used the 2016/2017 tax return where he earned net profit £12.5k. His profit has roughly been this for the past 6 years or more. We have just completed his tax return for 2...
by Coline81
Wed Jul 04, 2018 2:30 pm
Forum: Ask IVA Forum and Industry experts
Topic: Temporary Acting Up Salary
Replies: 4
Views: 5710
Hi...I am going to be taking on a role temporarily for 5 months covering someones absence. This job will see me get a temporary pay rise of about £300 a month after tax. My annual review will probably be smack bang in the middle of it. As it is only temporary i don't want my IVA company to permanent...
by Coline81
Mon Mar 26, 2018 12:09 pm
Forum: Ask IVA Forum and Industry experts
Topic: Bonus payment calculated by payplan
Replies: 10
Views: 4977
They are saying your base salary is £2094 --- 10% is £209 bonus was £645 Take off the £209 = £436 50/50 is £218 to be paid in. I can see the way they are doing it .. but cannot understand why the result is different. Nor can I understand why, every time you and I do the maths, we get around £220 an...
by Coline81
Mon Mar 26, 2018 10:43 am
Forum: Ask IVA Forum and Industry experts
Topic: Bonus payment calculated by payplan
Replies: 10
Views: 4977
Even more confused now! So my IP who was ooo emailed back today. I said I was still waiting for the breakdown as I was confused how it was calculated. She said it is worked off my budget allowance which is £2326.03 (inc 10% allowance). Anything over this amount 50% needs to be paid into the IVA. So ...
by Coline81
Sat Mar 24, 2018 9:36 pm
Forum: Ask IVA Forum and Industry experts
Topic: Bonus payment calculated by payplan
Replies: 10
Views: 4977
Said I was happy to pay it but wanted to know how they’d worked it out so I know for next year
by Coline81
Sat Mar 24, 2018 7:25 pm
Forum: Ask IVA Forum and Industry experts
Topic: Bonus payment calculated by payplan
Replies: 10
Views: 4977
Update: after 2 more chasers they came back and said they were sorry for the confusion that I owed £281. So it’s come down from 387 to 281. Told them I could pay that within the 14 time limit but I still wanted a calculation breakdown. Would be interested in seeing the controls they have in place ar...
by Coline81
Wed Mar 21, 2018 9:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: Bonus payment calculated by payplan
Replies: 10
Views: 4977
10% 50/50 im totally confused! Have emailed them and asked them for confirmation of how they have calculated it. Have put aside the £220 but they want £387 paying in 2 weeks :(
Search found 44 matches Page 1 of 3