Big Big Big debt owed in tax.

tigerfeet2006

davethetaller wrote: »

So here we are,4 months on from my original post, final (short) episode.

In my first post I said that the Revenue were demanding £80,000.

That was just to get their foot in the door as it were.

The bottom line was £400,000!

A month or so ago,he petitioned to go B/R,and from this first inception,it was

all done and dusted within 3 weeks.

Without exception,everyone that he dealt with was (overly)polite!

He received a B/O for 1 year,with a 3 year BRO @£400 per month Think you might mean an IPA.

He will be able to pay this,as he continues in the same well paid job,but this

time keeping accurate records!

Many ,Many thanks,to all who contributed,and gave him hope.

Glad it all got sorted out and he is enjoying a debt free life.

fermi

Wow! Thanks for updating us on that.

Really goes to show that no matter how deep you think you are in the ****, there is a way to get it sorted and get on with life.

fiveyearplan

I'm sure your friend is relieved its all over and glad he can afford the £400 per month. Thanks for updating us.

dalip

Glad it all got sorted. He is a very lucky man!Dalip

rog2

Thanks for the update. I wonder just how much of the £400k was actual tax debt, rather than the indiscriminate 'charges and fines' that HMRC :eek: seem to take great delight in levying.
In my case, rather than give me any of the 'help' that I had asked for, I was on a 'daily' penalty of £60 - soon adds up.
Anyway - it's over now, and that's the main thing.

fiveyearplan

rog2 wrote: »

Thanks for the update. I wonder just how much of the £400k was actual tax debt, rather than the indiscriminate 'charges and fines' that HMRC :eek: seem to take great delight in levying.
In my case, rather than give me any of the 'help' that I had asked for, I was on a 'daily' penalty of £60 - soon adds up.
Anyway - it's over now, and that's the main thing.

Knowing what HMRC did to you Rog2, I wondered that myself. I think sometimes they just pull a number out of the air.

Conor_3

I tell you what though, the more I read of people like this, the more I wonder who has the right idea. After all, work 15 years as he did then bank and get away with it instead of worrying about the tax bill every January or seeing the Govt steal 25-45% of your wages in PAYE.