Tax Free?

What exactly did it mean when we stopped paying tax? nobody came after us for any? they did ask us to submit a debt management plan and said we didnt have much to live on, could this by why?

We are now discharged, and the tax free period finished in April, but its niggling at the back of my mind.
no longer miserable in debt.... :T but dont know how to change my id!!:beer:

Comments

  • JCS1
    JCS1 Posts: 5,335 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    How much tax did you pay each month? If under £50 p/m a NT tax code can still be applied by HMRC (they get listings from the courts) but OR considers it not worth collecting for that amount.
  • was about that. cos we were only getting a small medical insurance. oh that clears that up then thanks so much
    no longer miserable in debt.... :T but dont know how to change my id!!:beer:
  • Dez-Titute
    Dez-Titute Posts: 1,106 Forumite
    Part of the Furniture Combo Breaker
    Thew OR will ask your tax office to apply a nil rate tax code .Ineffect what the OR is doing is diverting the tax you would pay in the current tax year towardds the ORs costs and the O/S debts.Although you will have paid no tax the amount you would have paid will be requested by the OR usually via a 3rd party company.So don't think you have all your net income to spend you will be required to pay up at some point.Would suggest you contact your OR for clarification
    The triumph of hope over experience

    mea culpa mea culpa mea maxima culpa
  • Dez-Titute wrote: »
    Thew OR will ask your tax office to apply a nil rate tax code .Ineffect what the OR is doing is diverting the tax you would pay in the current tax year towardds the ORs costs and the O/S debts.Although you will have paid no tax the amount you would have paid will be requested by the OR usually via a 3rd party company.So don't think you have all your net income to spend you will be required to pay up at some point.Would suggest you contact your OR for clarification


    we have been discharged 2 months now, could they still come after us?
    no longer miserable in debt.... :T but dont know how to change my id!!:beer:
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350K Banking & Borrowing
  • 252.7K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 243K Work, Benefits & Business
  • 597.3K Mortgages, Homes & Bills
  • 176.5K Life & Family
  • 256K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.