Tax Rebate....UPDATE

fiveyearplan

If you get the tax rebate before you go BR then of course you can keep it. Don't waste it by paying any debt though.

fiveyearplan

Hannah - congratulations - if you do get the money, spend it quick as I really think your OR is making a mistake, but if they say you can keep it I don't see how they can go back on that.

Dodger61

This might help.

Where a bankrupt has been discharged, the official receiver can only realise any sum due as a tax refund if it is covered by a signed form TNIDIS or by means of an IPA/IPO obtained before discharge. If not, the payment should go to the former bankrupt, unless there is a trustee in office (see paragraph ix). This is because the official receiver cannot follow the usual method of obtaining an IPA/IPO, as they are only available to be made against undischarged bankrupts. It is possible however, to ask that a discharged bankrupt sign a form TNIDIS to enable the monies to be claimed by the estate, if the official receiver is of the opinion that the tax refund might fall within a period covered by the TNIDIS.

Complex aint it.

chester2007

Dodger61 wrote: »

This might help.

Where a bankrupt has been discharged, the official receiver can only realise any sum due as a tax refund if it is covered by a signed form TNIDIS or by means of an IPA/IPO obtained before discharge. If not, the payment should go to the former bankrupt, unless there is a trustee in office (see paragraph ix). This is because the official receiver cannot follow the usual method of obtaining an IPA/IPO, as they are only available to be made against undischarged bankrupts. It is possible however, to ask that a discharged bankrupt sign a form TNIDIS to enable the monies to be claimed by the estate, if the official receiver is of the opinion that the tax refund might fall within a period covered by the TNIDIS.

Complex aint it.

I became BR in May 08 (i had loads of support from you guys so thank you), i received ED in nov 08, Aug 09 got a release from trustee letter.
I was notified on Friday that i am due a rebate of £1350 for my self assessment for last year which includes my expenses.

I originally had to complete a p87 then they said no it needed to be a Self assessment form, it has taken 8 months to get to where i am now.

As i change dmy job just after br, the Nil tax code stopped and went to emergency tax. I am taxed at 40% and have been since my BR.

As i am discharged almost 1 year and release of trustee done and just notified this week of rebate which is POST BR, does the OR still take it? As far as i was aware everything with my BR had completed a long time ago.

The tax office actually do not know, they just said that they wouldnt refund me until they had found out what to do.

As its my expenses, i believe it should come to me, especially as the whole BR thing has been concluded.

I never had an IPA.

Any help would be fantastic.

thanks

fiveyearplan

hannah9000 wrote: »

UPDATE: Just called my OR office, and because the repayment covers the year 2007/08, I AM entitled to the money because I only went BR in December and the overpayment occured during 2007-08. I have just emailed the office with my request in writing (as requested by the chap I spoke to) and now I play the waiting game...so, if you get a rebate through and you only went BR 6-7 months ago, ring the office and get that money back!!!

Good for you!! Drinks on you at the inn.