tax code after discharge

looking_to_the_future

Hi, hoping for some help regarding tax and bankruptcy. I was made bankrupt in July 2011, I haven't heard anything from the OR since, judging by posts on here that is the norm. I can't find myself on the register but that maybe due to me being AD a while ago? Anyway I paid moon beaver until April 2012 and I've had a letter confirming all finished there but I'm still on nil tax code when will this change?
Thanks in advance for any replies

OutofDebt-NOT-OutofDanger

Hi,

The nil code should have stopped from 6th April (new tax year), but HMRC don't always apply the change.

You will need to contact HMRC to get the code changed - have you kept the tax that should have been deducted separate as there has now been 8 months of non deduction?

looking_to_the_future

Hi, thanks for your prompt reply,
Yes I have been setting aside money each month for tax, as tax thresholds have changed I have just been using the amount I paid moon beaver, I thought the hmrc changed the tax code. Am I in trouble for not letting them know sooner? Until reading on her earlier thought it would coincide wither being discharged?

OutofDebt-NOT-OutofDanger

No you won't be in trouble - it's HMRC that have mucked up (as usual).

Glad to see you've kept the money to one side.

When you speak to HMRC let them know what's happened and have your last payslip available and they will go through the options with you. They may issue a week1/month1 code for the rest of the tax year and sort out the underpayment later, or issue you a correction with a request to pay the underpaid tax. One further piece of advice - don't try phoning during a short break - it can take ages to get through to someone!

BTW congratulations on the discharge. You might also want to contact the OR and ask them to confirm your discharge in writing as you may need this when cleaning up your credit files.

looking_to_the_future

And for my next silly q - how do I contact the OR? I hope I've been discharged I guess I should have looked in to this by now, I wrongly assumed the correct people were doing the correct things (that'll teach me!)
Can I request that I pay back over 12 months instead of a lump sum?
Thanks again, wish I had found this site 18months ago!

OutofDebt-NOT-OutofDanger

Hi,

The OR details will be on the IPA agreement/letter - if you don't have that available, search for yourself on the London Gazette as the full details will be held there.

Not sure what payment period HMRC will agree to, but certainly no harm in asking.

looking_to_the_future

Will dig out my original letter, and try with hmrc, like you say no harm in asking
Many thanks for your replies

PippaGirl_2

Interesting the IPA only lasted a few months and has now ended, I thought they always lasted 36 months? Obv no payments are made if income drops to a certain level, but the IPA still exists for that length of time?

tigerfeet2006

Pippa, I am guessing the OP means he has had a letter from Moonbeever to say that the NTcode IPA had finished not a surplus income IPA.

PippaGirl_2

ah! That explains that then

looking_to_the_future

Hi pippa & tigerfeet
It was the tax element that moon beaver acknowledged was done with.

I spoke to the OR today and they confirmed that there was an AD in July this year