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    • Sej107
    • By Sej107 7th Mar 18, 7:25 PM
    • 3Posts
    • 0Thanks
    Unknown debt at time of bankruptcy HMRC
    • #1
    • 7th Mar 18, 7:25 PM
    Unknown debt at time of bankruptcy HMRC 7th Mar 18 at 7:25 PM
    Hi, i will be going bankrupt in 2020 due to the new HMRC loan charge. At present i contract through a limited company paying myself a salary and the rest in dividends. IR35 seems to be next on HMRC’s list to generate funds and they seem to be able to pass new rules whenever they want. 2020 will give me a fresh start and what i want to avoid is hmrc investigating my limited company after i go bankrupt then saying i have been ‘caught’ by IR35 and habe to pay tax/ni and penalties. So i am wondering how bankruptcy works in relation to possible unknown debts at the time of application? I understand that i will no longer be able to operate this way and will look to secure paye employment to avoid any future run ins with HMRC and relieve myself of the stress caused by all of this over the past couple of years.
    If anyone has any words of advice it would be greatly appreciated.
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