Tax rebate to IVA?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1

chris644

User avatar
Posts: 1
Joined: Wed Jun 27, 2018 6:06 am

Post by chris644 » Wed Jun 27, 2018 6:06 am
Im in an iva (1year in of 6) and im due a tax rebate of 2k,i owe 13k and im currently paying £28 a week, will i have to pay any of this to my ip??

kallis3

User avatar
Forum Expert
Posts: 74232
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Wed Jun 27, 2018 6:58 am
Hi,

I rather think you will have to pay it into your IVA.
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

Foggy

User avatar
Forum Expert
Posts: 28348
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Jun 27, 2018 8:27 am
A lot will depend on the reasons for the rebate (self employed, CIS, etc.) and your current status, as well as the opinion of your IP and only your own IP can say, for certain, which way he / she is going to jump.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

MerlinL14

User avatar
Posts: 1616
Joined: Sun Oct 30, 2011 2:44 pm
Location:

Post by MerlinL14 » Wed Jun 27, 2018 8:44 am
I had 2 Tax rebates during my IVA and, sadly, had to hand them over to my IP.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”