Thank you in advance.
However, do have a read of your proposal again as you have not grasped some of your responsibilities --- even if this was overtime, it has to be accounted for and any share due paid to your IP right away. You must get into the habit of checking payslips every month.
Do NOT mention that you thought it was overtime and ignored it, makess you look bad (and as mentioned, you should be keeping a slightly closer eye on payslips, but then you may not spot a tax code change, so thats ok.
Just explain that you appear to have overpaid on your tax, and its come back in as a refund (bust out the calculator and see if its more than 10% of your take home wage, if it is it may fall into 10/50/50 rules), but you are after keeping it I guess (every little helps in an IVA), but you have done your bit and if it is less than 10% you have tipped them off to nothing essentially, but done your bit..
Remember.. don;t say "I just thought it was a bit of overtime" as you are aiming down the line of, well I overpaid and starved for a few months and now I got it back can I keep it pls...
I'm not an IP by any shake of the dice, but thats how I'd roll it
How much was the net amount of the increase?
As the money is a windfall under the terms of most IVAs then make sure your IP is aware of this should they seek to recover anything from you.
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location