If you are an undischarged bankrupt, but no IPA/IPO has been (nor is likely to be) issued is it required to report a change of income tax coding to the OR? The rules apparently state that "changes in income" need to be reported, but I was wondering if this is meant to mean a change in "gross income", rather than "net"?
If it means "net" then everyone would have to inform the OR at the start of each financial year at least?
It will be changes in disposable income so this would include any changes in the tax code. These changes each financial year normally only mean an extra few pounds each month and this is normally offset by increases in Council Tax, utility bills, travel, etc.
Tax Code Changes & Income
Posted - 13 September 2010 : 22:08:35
