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 bankruptcy postbag for june
 Will the employers need to be told about BR?
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g285
Junior Member

170 Posts

Posted - 07 June 2008 :  12:03:11  Show Profile  Reply with Quote
Hi. Will the employers need to be told if the employee has been declared bankrupt? What about the income tax - does this change and can they find out this way?

Thanks

JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 07 June 2008 :  15:58:35  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi G285 and welcome to the forum.

During the financial year you are an undischarged bankrupt, you will pay no tax. Your employer will be written to (as well as the tax office) to put you on a NT (no tax) tax code.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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