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 What happens to my friend's tax liability in bankruptcy ?

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T O P I C    R E V I E W
Jamiedjw54 Posted - 16 December 2011 : 09:55:41
Dear sir or madam,
My friend has gone bankrupt in the 2010-11 tax year and has therefore had to complete a tax return as he was issued with a NT tax code. the return is ok but shows substantial tax to pay. what happens with this liability, is it due to be paid by 31st January 2012? Thanks in advance.
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Viki.W Posted - 16 December 2011 : 12:27:34
Any tax due prior to the bankruptcy order will be written off in your friend's bankruptcy.





Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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Niobe Posted - 16 December 2011 : 11:01:18
Hi and welcome

As far as I know then the tax money should be paid across to the official receiver while you have the NT tax code.

Hopefully one of the experts can advise further.

Follow through
Make your dreams come true
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'Cause there's no one like you in the universe



Jan
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