extra income

cootambear

a friend of mine is in an iva, however, he may well shortly receive a tax rebate and working tax credits. I have advised him that if he does not declare this, he is putting the iva at risk. he says that they will never be found out.

what are the chances of him being found out?

FoggyBrain_2

Hi ---- as the IP is likely to ask for a P60 at his annual review he might notice the rebate there, also on the tax credit awards notice, which the IP is entitled to ask for. A lot will depend on how meticulous the IP is ... some never bother, but most want to see documentation such as mentioned above.

Other than that these things do have a habit of falling out of the closet and biting you on the rear end. Having spent a while worrying about debt and now being handed a second chance, does your friend want to spend the next few years worrying about beinbg discovered ??