We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

VAT debt

Hello all, I have been trying to post this for a few days but I get so far and start that sick feeling that this is really happening, I knew it was going to happen but still hoped it would not.
My oh has a large VAT bill which has been very much disputed and appealed against over the last 15 months, but now they want payment
My oh has offered £300 per month, but all we get from VAT are forms to fill in regarding our assets. They will not accept our offer of payment.
My oh have spoken to the VAT and it seems to us that they will make him bankrupt so I need to know a few things before they do this.
Would it be better for oh to go bankrupt rather than VAT man do it.
If VAT decides to send in bailiffs would we get any warning of this happening.
I have read a few posts where poster have had tax or vat problems so any help would be very appreciated.

Comments

  • Any one able to help me on this please
  • kew63
    kew63 Posts: 255 Forumite
    I'm no expert by a long shot, but if VAT is from a business try to see an Insolvancy Practioner (initial consult is usually free) for their guidance. We contacted a recommended local accountant and they have IP section.

    Good luck :-)
    DMP Mutual Support Thread Member : 318
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
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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.