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T O P I C R E V I E W
removingtheshackles
Posted - 31 October 2011 : 13:47:38 Hello all, I was made bankrupt in April 2010 and have been making IPA payments since August 2010. I was also subject to a NT tax code until April 2011 which I paid to my IPA. For the tax year April 2010 to April 2011 I have received a tax return form which I am required to complete. I have always been employed (never self employed) and paid tax through PAYE. I also have no assets or other income so I don't understand why I've received it. When I rang HMRC I asked whether it was to do with the bankruptcy and they said it was. Has anyone else experienced this? Also, another issue which I may need to post separately, it's my understanding that the way IPAs are calculated were changed effective from 1st December 2010, where 100% of any surplus income >£20 is to be paid into an IPA. As I was assessed on the 'old' calculation would any variation in payments also be calculated on the 'old' system? Any advice gratefully received as I my surplus income has increased and I'm in the process of notifying the OR.
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Viki.W
Posted - 31 October 2011 : 14:07:18 The tax return is normal so don't worry.
I believe you will be assessed under the old rules.
