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 tax before bankruptcy

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T O P I C    R E V I E W
debtrider Posted - 16 September 2008 : 09:59:52
Hi

I am due to go bankrupt on 20th October and I am self employed.

I have not paid my tax bill which was due on 31st July which was for my tax bill owed 2006/07 and I am about to fill in self assesment tax return for 2007/08. Will all tax owed from my self empolyment prior to my Bankruptcy October 20th be included in my bankruptcy.

I don't want to find that after bankruptcy I will still owe tax that I haven't included in my bankruptcy.

Debtrider
4   L A T E S T    R E P L I E S    (Newest First)
Suzanne Posted - 16 September 2008 : 13:59:46
I wouldn't worry too much about it, the IR and OR will put an estimated figure down based on last years if you haven't done a return.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
debtrider Posted - 16 September 2008 : 13:56:31
Thank you Suzanne for your reply. So will I need to calculate my tax up to 20th October 2008 for the paper work before I go bankrupt.

Thanks again

debtrider
Suzanne Posted - 16 September 2008 : 13:46:07
Hi

All tax due prior to the date of the bankruptcy will be caught up in the bankruptcy. You then start afresh the day after so your new tax year will commence from 21 October.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
Needafriend Posted - 16 September 2008 : 11:54:02
Hi Debtrider

Im not too sure on this one maybe one of the other experts will be along soon and can help you out with this.

Take care

Jo x

"There is light at the end of the tunnel, if you cant find it get a brighter torch"

For links to help with Bankruptcy, useful web pages and also a run down of my new debt free life, both before and after Bankruptcy, then please visit my blog:

http://debtfreejo.blogs.bankruptcyhelp.org.uk/

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