Hmrc have written to me to say I owe around 15k in tax following the use to two umbrella companies, I have asked them for time to pay and tried to make offers of monthly payment but they declined, wanting more than I can afford. I haven’t any savings, worthwhile assets or a house. I haven’t heard from them for a few months and Im worried about debt collectors turning up etc. They did say they would proceed to enforcement and make me bankrupt but I am not sure why I haven’t heard from them since. Has anyone been through similar? What’s the next steps for me? Thanks
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Tax owed, what happens now?
Collapse
X
-
-
Originally posted by Taxedandconfused View PostHmrc have written to me to say I owe around 15k in tax following the use to two umbrella companies, I have asked them for time to pay and tried to make offers of monthly payment but they declined, wanting more than I can afford. I haven’t any savings, worthwhile assets or a house. I haven’t heard from them for a few months and Im worried about debt collectors turning up etc. They did say they would proceed to enforcement and make me bankrupt but I am not sure why I haven’t heard from them since. Has anyone been through similar? What’s the next steps for me? Thanks
In the meantime;
Write to DMB setting out very clearly your last offer to pay off the debt.
Send the letter recorded delivery.
Set a start date for making payments
Make those payments.
Once you have advice, then it may be that the tax debt is too much/little or perhaps not due at all. Until you have somebody look at it, you'll not know.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither). -
Don't worry yourself too much about it
I know I know, easier said than done.
I had a conversation with HMRC DMB in which I offered to pay the most I could afford - I was told that I had to pay at least twice this much a month to get an agreement.
Three months later after no contact from HMRC, they called me and said my original offer was now acceptable.Comment
-
If HMRC won't accept a reasonable TTP, contact your Member of Parliament.
We've seen many instances where MPs have been able to get HMRC to see sense.Last edited by Loan Ranger; 30 April 2018, 15:01.Comment
-
Originally posted by Loan Ranger View PostIf HMRC won't accept a reasonable TTP, contact your Member of Parliament.
We've seen many instances where MPs have been able to get HMRC to see sense.STRENGTH - "A river cuts through rock not because of its power, but its persistence"Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment