IPA Cancelled!

hButterflyH

Hi all, I had confirm that my IPA has been cancelled. I was told to pay an amount per month as well as my tax. I sent in details of some increased bill and got confirmation to say the IPA has ended. Brilliant news!

I still have to pay Moonbeaver my tax. Am I right in thinking that I only have to do that until April? Am I also right in thinking that I no longer have to tell the OR about changes in my income etc? Or do I still need to tell them until I have been discharged?

All the email said was that it has been cancelled so although its good news I am not to sure how good!

Thanks in advance.

yesican

I could be wrong but until you're discharged,any changes especially in your income,you have to tell the OR.

Congrats btw!

Lou67

hButterflyH wrote: »

Hi all, I had confirm that my IPA has been cancelled. I was told to pay an amount per month as well as my tax. I sent in details of some increased bill and got confirmation to say the IPA has ended. Brilliant news!

I still have to pay Moonbeaver my tax. Am I right in thinking that I only have to do that until April? Am I also right in thinking that I no longer have to tell the OR about changes in my income etc? Or do I still need to tell them until I have been discharged?

All the email said was that it has been cancelled so although its good news I am not to sure how good!

Thanks in advance.

That's brilliant news! No IPA :T I never had one, and within WEEKS of the 12 month discharge, our income went up quite a bit...lucky

I would have thought though, that you probably do need to inform the OR about any change in income. Just wondered... did they say *why* the IPA ended?

hButterflyH

My IPA was fairly low anyway so when I sent them my increased bills it took up my surplus income I guess, or took it to below £20 which is the threshold I think.

I am about to voluntery surrender my house though so I was hoping to no longer have to tell then changes to my income and rent a cheeper house. It just means I will have to rent a house to the same value as my mortgage, as I may as well, and then down size later. Or wait until I am discharged which should be July at the latest.

fermi

Yes, you still have a duty to inform the OR of increases in income until you are discharged.

PippaGirl_2

Yes, any change of income or expenditure needs to be reported to the OR until you are discharged.