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I have a question
debtissoeasytogetinto
Posts: 141 Forumite
I have been sent a form for an IPA which is a result of a NT Code - on the agreement it states until the end of the tax year - does this mean that i will no longer be liable to pay the amount requested come next 6th April, does that i will not have to pay anymore money afterwards? This is the way that I have read it that i will not be liable after next april and as such it ends (especially as my ad is 19/5/09.
:question:)
:question:) BSC 160 that's me! :j 2 years to go before I qualify...:eek: and am let loose on the public :rolleyes:
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Comments
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Hi,
If the IPA has been done solely on your NT tax code then payments will end April 09, or earlier if you change jobs.
This should not make any difference to you in real terms, you simply pay the amount you would normally pay in tax to the OR instead.
DDDebt Doctor, Debt caseworker, Citizens' Advice Bureau .
Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***0 -
Yes that's correct, it's only to the end of this tax year, or until you change jobs.
But this is only the NT tax IPA, it has nothing to do with any IPA you might get on your surplus income, which, if you were to get one, would last 3 years.Accept your past without regret, handle your present with confidence and face your future without fear0 -
Thanks DD.How is the payment made,is it automatically paid by the IR or does the BR have to make payment and if so who calculates what the payment due is.debt_doctor wrote: »Hi,
If the IPA has been done solely on your NT tax code then payments will end April 09, or earlier if you change jobs.
This should not make any difference to you in real terms, you simply pay the amount you would normally pay in tax to the OR instead.
DDThe triumph of hope over experience
mea culpa mea culpa mea maxima culpa0 -
The IPA has been set up on my Tax code, not any excess income. However, they did set it up on the wages that I had received over the last five months, which included lots of overtime. Need to send back another IPOQ now, so need to get one on that and send back the agreement. Just needed to clarify in my own mind that this was indeed the case - I know that they could still change it, but have there been many cases where this has been done? To be honest; now I know how much I have to send them each month - this gives me a clearer indication on my budget now - budget budget budget these are my words now - if i can't afford then - save - if once i have the money and i still want it - fine get it - but knowing what I used to be like, it'll be nice to have a little rainy day money - been a few years since that happened! Thanks to Debt Doctor and all the others on the forum for the support and advice given it goes a long way. :T
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BR 19/5/08 AD 19/5/09BSC 160 that's me! :j 2 years to go before I qualify...:eek: and am let loose on the public :rolleyes:0 -
Same situation did loads of O/T just before going BR but dont think OT will be available in future so I have to wait and see what happensThe triumph of hope over experience
mea culpa mea culpa mea maxima culpa0
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