HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
Password:

Save Password
Forgot your Password?

 All Forums
 archive
 Forum Questions
 I can't pay both taxes. What do I do ?
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

makeawish
Starting Member

United Kingdom
19 Posts

Posted - 13 May 2012 :  21:32:20  Show Profile  Reply with Quote
hi ,went bancrupt in aug 2011,followed all my instructions to the letter!now my employer has been sent a tax code for this year,i have been paying my monthly tax to the or but what now? i cant pay both and i have heard nothing,no letter or phone call,its payday tuesday so what do i do?any advice would be good. thanks simon

Skippy
forum expert



United Kingdom
3290 Posts

Posted - 13 May 2012 :  21:45:31  Show Profile  Reply with Quote
Hi Simon and welcome to the forum. You only pay your tax to the OR for the tax year during which you are made BR so as of 6th April your tax code will revert to normal and tax will be paid to HMRC.

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 and I'm now looking forward to getting married in September 2012 - I'm proof that you can go BR and come out the other side.
Go to Top of Page

makeawish
Starting Member

United Kingdom
19 Posts

Posted - 14 May 2012 :  06:29:48  Show Profile  Reply with Quote
thanks for your reply tracey,what i dont know is if or what im supposed to pay now? i havent heard a thing from anyone?


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 and I'm now looking forward to getting married in September 2012 - I'm proof that you can go BR and come out the other side.
[/quote]

simon
Go to Top of Page

debtinfo
forum expert



2826 Posts

Posted - 14 May 2012 :  06:45:27  Show Profile  Reply with Quote
you dont pay anyone, HMRC should take the tax normally and you dont pay it into bankruptcy anymore, have a look at the IPA agreement you signed as it sets out the details in there
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06