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jessjoey0406
Starting Member
4 Posts |
 Posted - 29 June 2009 : 12:47:54
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More questions???
1/ My husband is self employed and earnt 40k last year but has since lost a contract three months ago and know only earns between £1,000 and £1,500 we then have £20 a day petrol for him and tax to pay. Will this be a problem and will they query such high petrol costs. He travells across the UK and sometimes has to stay over for his job. But it does vary from contract to contract?
2/ Is unpaid tax included in the bankrupcy?
3/ How do we write his wage down, do we put it with tax deducted and petrol?
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 29 June 2009 : 13:58:17
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Hi,
1. Normally with self employed people the OR takes the average of the last 3 months income as their wage. They may question the petrol cost but if this is what he pays in order to earn a living then the OR should understand this. It may be worth starting to collect the petrol receipts to prove to the OR the amount that is spent on petrol. If you have the receipts to show the amount spent then the OR can't dispute the amount.
2. Yes, put the creditor down as HMRC.
3. Section 6.3 is for the income. This should be the 3 months net salary i.e. after tax. Section 6.4 has the amount of tax that is normally paid each month. You can put the petrol down in the Outgoings section (7.1) 'Travelling to and from work'. |
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jessjoey0406
Starting Member
4 Posts |
Posted - 29 June 2009 : 14:36:55
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Thank you for your help, it is so appreciated. I just have one further question my husband has tax owing from last year as well as the tax owing upto the date of bankrupcy, how do we find out the total amount or do we just approx?
We have a bill for outstanding debt for last year but not for this year?
Thanks |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 29 June 2009 : 15:59:04
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| You can either estimate this years amount or check with HMRC. You don't need to put the exact amount down on the SOA as the OR will contact each of your creditors to get an updated statement/amount outstanding so don't worry about having the amount correct. |
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leakie
Junior Member
United Kingdom
158 Posts |
Posted - 29 June 2009 : 17:37:50
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Wityh regards to the petrol, it maybe an idea if he keeps a milage log book, that way he will be able to justify the works milage and fuel with the OR,
all the best
Leakie |
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ellendr
Starting Member
9 Posts |
Posted - 29 June 2009 : 17:43:22
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Thanks for the tip Leakie
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Topic |
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will they query such high petrol costs ?
