Sounds a bit more positive. There is a perfectly good IVA in there for all concerned and this problem just needs resolving. update spoke to my ip the proposal going to my creditors is that i stop payments till nov as iv overpayed and they cannot repay this to me i start my repayments in nov at £176...

kabby3 wrote:

Are you speaking to your IP or admin ??

was talking about my hmrc inspector

I am suprised that you have received that feedback from HMRC, and suggest you call again and take the name of the person who is providing such advice. You should also ask them under what authority they are retaining your money and sending it directly to your Supervisor. seems some people are not up...

It would be difficult to have any money returned but your IP could ask creditors whether they would sanction some form of a rebate if there are specific things urgently needed. IVAs are not supposed to cause hardship to you or your family. i have been in discussion with my ip shes still adamnat tha...

I cannot understand the logic of them retaining your tax rebates, and suggest that you inform HMRC that tax rebates are to be sent to you directly rather than to the Supervisor. Even HMRC agree that post-IVA tax rebates cannot be deemed to be windfalls. just spoke with the hmrc and they told me the...

Ask her to accept the tax rebates as the only payments to the IVA as you have no monthly surplus. This should still achieve the dividend while giving you sufficient monies to keep going. Or she could call a variation to allow you to keep the rebates and make ongoing monthly payments but something w...

Michael has adequately answered all of the technical points here, but for my two pennorth I feel that you have been badly advised as to the initial set up of your case and the way it appears to have been managed with regards to the tax rebates. Post-IVA tax rebates are not payments which should be ...

ronald.h1 wrote:

peter, michael is on the ball for you ,but i,m rooting for you good luck.

hes been grt didnt know this stuff was so stressful thought when i got my iva sorted the stress would stop lol oh well such is life

Ask her to accept the tax rebates as the only payments to the IVA as you have no monthly surplus. This should still achieve the dividend while giving you sufficient monies to keep going. Or she could call a variation to allow you to keep the rebates and make ongoing monthly payments but something w...

She is missing the point. The relevant part of clause 79 of the standard terms and conditions concerning post IVA rebates states that; 'Any repayments for any later periods shall be offset against any post approval debts due to Inland Revenue or Customs and Excise. Any remaining surplus will then b...

Do not give up on this. Your profit and loss includes allowances for petrol, insurances, repairs renewals, accountancy etc and if you do not get the rebates during the IVA it is fatally flawed. Advise your IP that you will be contacting HMRC for clarification. Also advise that the IVA has been defe...

Are you sure you have been speaking to the IP? The IPs are the bosses so why would it need referred to a manager? Ask why there were no cashflow projections prepared and why was a proposal drafted that had a basic and fundamental flaw. If you were referred to them as they have specialist knowledge ...

oh man sorry to hear your having problems my iphas taken £6000 of me in ten months i can afford to goto work anymore coz they have taken all me company expenses im considering going br as well far better option less dividends to pay

i find the allowence ok and just sufficiant its all the extras they take iv just had my £3000 tax rebate snatched from me these were my company expenses now im unable to fund my work please be very careful what u sign and agree to

Glad to hear it PDB. Maybe if you can speak directly to them they may back down and refund all the money if they do not know what the CIS scheme is. Sorry about the earlier confusion but I think that we got there in the end. Let me know the next episode. they suggested i borrow money from my future...