HMRC & Bankruptcy

BlueIsTheColour

Am so glad you feel better NM, am sure the OR interview will be a lot better than you are building up in your mind, and your questions will be answered in due course but as they are out of your hands, dont spend ages worrying about them, it wont change the outcome.

Hope it all goes well, and thanks for replying, am going to point my friend in the direction of this thread now

lyns1234123

hi my dad is currently in a similar position with the tax man. is it tax owed or fines. if its the fines they keep adding on at 60 a go then get them to appeal it. some of the money should come off, but not all. just keep on appealing untill it comes right down. in their web site it does show how to go about this and can be brought down as far as actual tax, interest and 35% of fines. all this takes time which will give them time to try and find the money. they can also put in an offer of a lump sum and then a payment plan which can be accepted even if it isn't for the full amount

BlueIsTheColour

I have no idea about the tax, but have given her the link to this thread so am sure your info will be helpful, thanks Lyns

JCS1

Just be aware that HMRC will make somebody bankrupt if they don't keep up payments, etc. They see it as a way of closing their file.

BlueIsTheColour

Thanks JCS1, a scary fact but one that he needs to be aware of for sure, any arrangements made def need to be kept up