Glad I came back on my site as I just found out that I may be able to recover my VAT back from my supervisor that is if I can find him. Looked at their web site and found he is no longer there so a call to ICAEW will be required and a nice letter to his firm that he worked for is in order I think! I have worked out my ex and I could be entitled to a figure of £1,000 so worth claiming. Perhaps those who made a full settlement should start persuing as well!!!!
I don't think you will get the VAT back - your creditors/IVA company may do.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If your IVA has closed, your former Supervisor may decide to apply for a refund of the VAT which was charged during the last four years. If HMRC agree to repay the money, and you effected a return of 100p in the £ to your creditors, then you may be entitled to claim a refund, however if the return to creditors was less than 100p then creditors are most likely to be the ultimate beneficiary - although this is yet to be tested. Your former Supervisor does not have to make the claim, although I think that most firms are as creditors are telling us that this is what they expect us to do.
Hi Melanie Nice to hear from you and thanks for the pearls of wisdom!!! Trust you are well! I paid 100% as we had to sale the house in 2007 and what really caused a major problem was that we were liable to a statutory interest but you strongly advised us to vary the IVA which we did and thankfully our creditors agreed. By them agreeing and being paid 100% I do think that there is an amount due back but of course would be interested in your view on this. My firm was Grosvenor Partners based in London. They were quite a smallish firm. Not sure they are still doing insolvency as my supervisor is not listed. I shall call ICAEW to find out his whereabouts tomorrow!
