Very worried

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arnie

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Post by arnie » Thu Apr 02, 2020 8:10 pm
I am in my seventies and self employed. When I filed my tax return including the my state pension. I owed them nearly £2000. I paid almost £1.000in January with the same amount due on July. HMRC said I have to pay this (July's) and 2019/20 on a monthly direct debit which is £230+per month. I sent all this on to Vanguard and they have put my payments to them up from £99.00 per month to £308.00 per month. They have a breakdown of all my expenses, and I am the sole breadeinner. I now find myself struggling yet again. What can I do please. I'm desperate and very worried. Arnie

Foggy

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Post by Foggy » Thu Apr 02, 2020 8:18 pm
When did you enter the IVA and for what tax year did you owe the £2000 ?

Speak to Vanguard and ask them to explain the increase.
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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luluj

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Post by luluj » Fri Apr 03, 2020 2:30 am
I would speak to HMRC and ask them to reconsider the payment terms - see if they can spread them further particularly whilst Covid19 is an issue as well
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

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