Self employed query about bankruptcy application

stormyseas

Good afternoon, I wonder if anyone could clear up a couple of queries for me - I've already contacted Business Debtline who just referred me to the Insolvency Service, which is not easily contactable at the moment.  I'm a taxi driver and classed as self employed although 'work' for a local taxi firm - have to do own tax return etc, no business costs.  On the BR application form it asks for accounting period - which I believe to be Apr 19- Apr 20 and then goes on to ask for details of income.  My query is - are they asking for current income which is £0 as I'm not working, or the income for that particular period 19/20 which will be considerably more and will skew my income and expenditure details for the OR and not reflect my current situation.  I haven't worked this financial year to due covid19 and now ill health ( a few odd days in summer), and live off a previous works pension.  Do I have to declare those odd days plus 2 instalments of SEISS from government - again this will not give a true picture of my current position.  Secondly - I will be due a tax bill in January 21 which will include deferred July 20 payment plus tax due from 19/20 self assessment.  My understanding is that HMRC debts are included in the bankruptcy, but again does that have to be noted on the BR application form or is it automatically actioned.  I could ask this at OR interview stage but don't want the application to be thrown out because it's inaccurate!  Thanks in advance.

Minkym00

Put your current pension income down as the income info is requested so that the OR can calculate if you have any surplus going forward for an IPA.

Your HMRC liability up until the date of the bankruptcy order will be included in bankruptcy debts but it is not automatic, so put an estimation of what it is on the application.

stormyseas

Thanks Minkym00 - I've already included the pension in a different section of the form and it comes up on the I/E page - so its already accounted for.  Its the actual income section I'm not sure about, as I say earned income is currently zero - but if they take into account  previous tax year it doesn't give true picture of current situation and would definitely result in an IPA way beyond my means! Thanks for advice about HMRC - will see where I can add that.  I'm not finding the application form particularly user friendly!  No flexibility to add any explanations/qualifying comments.

Minkym00

They won’t take into account previous earned income, please don’t worry about this. If you are not currently earning any income then put it at £0. Your pension income is the only income that will be considered.