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Goodbye old "friend".
Donedoingdebt
Posts: 1,196 Forumite
I finally had confirmation today from HMRC (Inland revenue) that my tax bill from my self employed days is finally paid off after they cashed my last cheque for £74.71. Self employment ended on 24/08/1994. Yes, that is correct, 12 long years! This will now be carried over to another debt. So for those of you who are just starting out & feel you'll be in debt forever, this day does eventually arrive so keep your chins up.:beer:
Donedoingdebt Lightbulb moment January 2000. Debt at highest approx £102,000. Debt now (October 2009 - absolutely fork all!!!):beer:
CSA case closed on 02/09/10 :beer::beer:
CSA case closed on 02/09/10 :beer::beer:
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Comments
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that is great news - well done
debt in june 06:£6290:rolleyes:
july 1st 06 : £5247.70
july 20th 06 £4867:T
hope to be debt free by : july 2007at the latest:D
dfw grocery challenge 20/07-20/08 £240
spent so far - £75.57_____£164.43 left0 -
Thanks. The next challenge is to be sub £30,000 after payday in August.Donedoingdebt Lightbulb moment January 2000. Debt at highest approx £102,000. Debt now (October 2009 - absolutely fork all!!!):beer:
CSA case closed on 02/09/10 :beer::beer:0 -
One milestone! WEll done...must have been a long hard slog for you...thank you for the encouragement!Nerd no 109 Long haulers supporters DFW #1! Even in the darkest moments, love and hope are always possible.0
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Bet you were glad to see the back of that at last?I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** in ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan. 19months left.0 -
one more shackle free:T :T :T :T
great stuff
klare xLIGHT BULB MOMENT, JUST IN THE NICK OF TIME!
DEBT JAN 2006 £83000:eek:
DEBT MAY 2007 £40000 :eek:0 -
Hi - sorry to be nosey - how come it took 12 years to pay that off - did you get stung with a massive tax bill from s/employment??
dotty xxFocusing on clearing the credit cards in 2018 :T0 -
After seeing your signature:T :T :T :T :T :T :T No matter how long it took, its the getting there that counts!!!Debt Free!!!0
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Absolutely, totally, definitely!beanielou wrote:Bet you were glad to see the back of that at last?Donedoingdebt Lightbulb moment January 2000. Debt at highest approx £102,000. Debt now (October 2009 - absolutely fork all!!!):beer:
CSA case closed on 02/09/10 :beer::beer:0 -
I'm filled with admiration for you. To reduce your debt by so much in 12 years (I assume that's when it was at it's highest is brilliant. Well done.:T
Just looked at the OP 1996 is ten years ago, not twelve, either an even bigger achievement or you meant to put 1994.
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A number of reasons. 1/ A very poor last couple of years where I couldn't afford to pay the previous decent years tax bills. 2/ My children were born in 1989 & 1991 & we all know how expensive they are. 3/ They allowed me to send post dated cheques for the first couple of years, so when the 6 cheques ran out, I kept not renewing them, usually cos I couldn't afford it until they sent a reminder which usually took a couple of months. It wasn't until I set up a D/D around 1998 that payments became regular. All my own mistakes I know, but all the time I was delaying payments & throughout the whole payment period, interest was being applied on the sum owed. It's frightening to think what the total interest amount I've paid is. I may work it out one day when I've got a figures head on! If it's taught me a lesson, then that is I'm not a good business person & I'm far better off being employed by a company as I have been since August 1994. Well, you DID ask!dottyanne wrote:Hi - sorry to be nosey - how come it took 12 years to pay that off - did you get stung with a massive tax bill from s/employment??
dotty xxDonedoingdebt Lightbulb moment January 2000. Debt at highest approx £102,000. Debt now (October 2009 - absolutely fork all!!!):beer:
CSA case closed on 02/09/10 :beer::beer:0
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