We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Tax Refund during IVA
Options
I am registered self employed, and so have to submit a tax return. In the tax year 2008-9, I also worked a few months under PAYE.
We started an IVA in about August last year, and when I submitted my tax return last month, it said I was due a refund of around £500 for the tax taken from my wages.
I had heard no more, so I rang them, and was told that there was a hold on it because of the IVA, and they are getting someone to call me back.
Has anyone been in a similar situation? What is going to happen to the money? Surely it wont be classed as a windfall, as it is money that was rightfully mine to begin with? I am obviously going to declare it to the IP - although presumably they are going to be notified by HMRC anyway? Will I see any/all of the money?
We started an IVA in about August last year, and when I submitted my tax return last month, it said I was due a refund of around £500 for the tax taken from my wages.
I had heard no more, so I rang them, and was told that there was a hold on it because of the IVA, and they are getting someone to call me back.
Has anyone been in a similar situation? What is going to happen to the money? Surely it wont be classed as a windfall, as it is money that was rightfully mine to begin with? I am obviously going to declare it to the IP - although presumably they are going to be notified by HMRC anyway? Will I see any/all of the money?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards