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ddonna
New Member
89 Posts |
 Posted - 11 February 2011 : 12:17:30
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Hi my hubby recently went bankruptIE:november.Still hasnt received a nil tax code.We received a lettter from HMRC today advising him that his new tax code from april will be 757l.Im confused,i thought everyone had a nil tax code if they are bankrupt,and i cant understand why his hasnt changed? I dont want to ring the OR and ask him , does anyone know the procedure? Im clueless!!
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 11 February 2011 : 12:38:39
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Not everyone gets a nil tax code, and to be honest I would think it would be unlikely that your husband will get one now. It could be a case that the OR didn't notify HMRC, or that HMRC didn't implement it - with all the problems they've had I wouldn't be surprised!
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
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ddonna
New Member
89 Posts |
Posted - 11 February 2011 : 12:41:44
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Thanks Tracy,its all so confusing
thanks for the advice,i'll stop worrying now!!!!quote:
Originally posted by Traceyjr
Not everyone gets a nil tax code, and to be honest I would think it would be unlikely that your husband will get one now. It could be a case that the OR didn't notify HMRC, or that HMRC didn't implement it - with all the problems they've had I wouldn't be surprised!
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last!
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ddonna
New Member
89 Posts |
Posted - 12 February 2011 : 09:41:23
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HI Everyone, My husband has now received his nil tax code ...can't beleive it as i was just posting yesterday how it had'nt arrived!!! Does anyone know whats going to happen now?does this mean he will get an IPA in the new tax year or is it just a case of paying moonbeaver until april?? please can anyone advice me ...getting a bit concerned quote:
Originally posted by ddonna
Thanks Tracy,its all so confusing
thanks for the advice,i'll stop worrying now!!!!quote:
Originally posted by Traceyjr
Not everyone gets a nil tax code, and to be honest I would think it would be unlikely that your husband will get one now. It could be a case that the OR didn't notify HMRC, or that HMRC didn't implement it - with all the problems they've had I wouldn't be surprised!
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last!
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moodybluetwo
Junior Member
156 Posts |
Posted - 12 February 2011 : 10:31:00
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| I went BR in August 2010.My tax codes changed to NT (nil tax) untill April this year...then I pay tax as normal.The tax I dont pay I was told to keep to one side and the OR may arrange to collect it. |
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ddonna
New Member
89 Posts |
Posted - 12 February 2011 : 10:38:09
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HI thanks for getting back to me,i guess im just going to have to wait and see what happens!!!.I have no IPA and neither does my husband,so i was just so unsure how it works.We went BR in November and to be honest havent heard alot other than they are applying for ED in May.
DDonnaquote:
Originally posted by moodybluetwo
I went BR in August 2010.My tax codes changed to NT (nil tax) untill April this year...then I pay tax as normal.The tax I dont pay I was told to keep to one side and the OR may arrange to collect it.
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 12 February 2011 : 20:02:18
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I was under the impression that the tax would have to be paid to the OR.
If they don't, what do you do with it?
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.
Jan
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 12 February 2011 : 20:21:07
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Hi all when you go BR you get a nil tax code for the remainder of that financial year.
the next financial year back to normal with whatever code is appropriate to you.
Many employees who want to try and keep BR quiet at work will go BR feb / March, it is unlikely that OR and tax man will get organsied in time and the reward for them may not make it a good use of time.
When you are awarded a nil tax code a company called moon beaver will contact you for the un collected tax.
you shoud discipline yourself to put the tax away and not spend as it is not yours to spend.
Richard |
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Topic |
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Procedure for getting tax code when br ?
