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T O P I C R E V I E W
theguvnor
Posted - 14 March 2010 : 11:28:55 Hi , Just a question i have which i am hoping can be resolved with the help of people on here.
I went BR in June and discharged in Jan, I have a NT IPA which started in Nov and runs til the end of the tax year, So in theory i prsume that when i get paid this month it will be my last payment into the ipa?
As such if for example i still have a NT code in april (new tax year) will i be obliged to pay this to OR, Further if i were to get a rebate in the new tax year (for the last year) would i be obliged to pay this to OR?
Hope it makes sense
2 L A T E S T R E P L I E S (Newest First)
debtinfo
Posted - 14 March 2010 : 13:35:00 if your tax code does not change back to normal then keep hold of the money, it will be owed to HMRC and they will come calling eventually
gettingoutofdebt
Posted - 14 March 2010 : 12:46:41 Yes, the NT IPA ends with the end of the tax year. You should receive an updated tax code from HMRC however they can be a bit slow so it may be worth contacting them.
Any tax rebate for the time before you were BR would be taken by the OR and this would run until you were discharged so the OR would take most, if not all, of any rebate you may get.
, Just a question i have which i am hoping can be resolved with the help of people on here.
