Considering IVA, does tax refund get absorbed by IVA?

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nikita
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by nikita » Mon Jul 10, 2017 4:30 pm
Hi just a question really in behalf of my husband as we are planning to apply for an iva ... later on.. my question is he work away and he receive tax refund if his lucky to go away like 4months to 6 months out of uk..if we apply for an iva.. does the tax refund hmrc connected to iva. I mean is that a windfall that he need to pay to iva or he can keep.. and my last question.. if ever his due for a tax refund does the hmrc will give to him.The
Money in his account or not.. just a question so that we are ready later what we gonna do..as my husband is in debt really like 20k£ something .. hope u can share your advice thank u..
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Foggy
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by Foggy » Mon Jul 10, 2017 4:45 pm
Hi,

A similar question was asked not long ago here:

viewtopic.php?f=145&t=82926
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nikita
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by nikita » Mon Jul 10, 2017 9:35 pm
Thank you so much for your kind help :D :wink:
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Michael Peoples
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by Michael Peoples » Tue Jul 11, 2017 7:59 am
When someone is self employed there may be liabilities to HMRC for self assessment, VAT or PAYE. HMRC should get a copy of the proposal and thus will know about the IVA but provided there are no post IVA debts to HMRC there should be no problem. HMRC offer and send rebates to us on a regular basis but we return them to the taxpayer.
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nikita
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by nikita » Tue Jul 11, 2017 12:13 pm
Hello michael its me again .. if your in iva.. can u live outside uk and just keep paying them until it ends.. is that allow in IVA.thank u and hoping to heat from your
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Foggy
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by Foggy » Tue Jul 11, 2017 12:34 pm
nikita wrote:
Hello michael its me again .. if your in iva.. can u live outside uk and just keep paying them until it ends.. is that allow in IVA.thank u and hoping to heat from your



Hi. You can move to live outside of the UK once you are in the IVA. You will have to inform your advisor of the new address and remember to allow for currency fluctuations when making payments.
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nikita
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by nikita » Tue Jul 11, 2017 1:33 pm
Hello foggy thank you again.. Appreciate much
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Michael Peoples
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by Michael Peoples » Thu Jul 13, 2017 8:13 am
We have clients all over the world in IVAs. As Foggy says you just need to keep the supervisor informed of any change of address and complete up to date income and expenditure accounts.
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