tax rebate

[kallis3]

I really do think that the best thing would be to ring your own IP and ask them as they have detailed knowledge of your IVA and can give you a definitive answer.

[Skippy]

I think if it were me I'd try and leave it in the account so that I didn't have to find so much next time!

Seriously, Jan is right, you do need to speak to your own IP.

[MelanieGiles]

David - please explain to me why you class a post-IVA tax rebate as a windfall rather than business working capital.

[David Mond]

Because it is just like any other debt that might have been due as at the date of the creditor's meeting and by all accounts should have if it is a self employed case been ascertained at the relevant time.

What happens if a debtor (knowing what you say) engineers an overpayment to the tax man by not paying current creditors, then goes into an IVA and obtains a tax rebate?

[David Mond]

Also as the poster has said they have paid on account - monies that could have been paid to creditors at the appropriate time.

[Max]

David, are people that dishonest? I would have thought that the first thing one does when going to an IP is to be absolutely straight and above board. Surely an IP would not act for a person so devious.

[David Mond]

The IP, elv5 might not know what that person has been upto and yes unfortunately there are a lot of dishonest people out there in this world regretably.

[Max]

I am glad I live in a small close community! Good luck in your profession is all I can say!

[David Mond]

That is why sometimes a meeting face to face is advisable but not currently needed unless if the person is self employed.

[ivas4us]

At least with a face to face meeting there is more chance of recognising if someone is swinging the lead.

[Max]

As a matter of interest have you caught out many liars and what do you do with them when you do - dangerous practice I would have thought to tell lies to an IP

[David Mond]

Several over the years and we either stop doing any work for them (and advise the creditor's accordingly) or in cases of alledged fraud advise the relevant authorities (which we are obligated to do)

[Max]

Good!

[ivas4us]

I don't see the point of lying in the first place. You pay for 5 years in most cases what you can afford then the rest is forgot about. If you lie then you still pay what you can afford until someone finds out you have lied and end up paying more. I just dont see the benefit.

[Max]

Or as a guest of the Queen!