Would HMRC accept an IVA?

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Post by bela560 » Thu Apr 11, 2019 8:10 am
Dear sir or madam,
I have a debt from 2013 towards HMRC which now with fees is £20167. Would HMRC accept an Iva arrangement to clear the debt without taking possession of goods?


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Post by Foggy » Thu Apr 11, 2019 8:17 am
Hi Bela.
HMRC are open to the use of an IVA to settle debts, but can sometimes add their own conditions. It will depend on all of your various circumstances and they will look at the options, just like any other creditor. Much will depend on how the figures pan out and the amount of any equity you might have in your home or other assets.
I would suggest a chat with a couple of IVA providers to explore your options in more detail.
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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Post by Lisa Thomas » Mon Apr 15, 2019 11:39 am
If they are your only creditor, it might be best to reach an agreement direct, rather than go through the extra work and costs of an IVA just to lock in one creditor.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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