VAT

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parjay

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Post by parjay » Sun Feb 19, 2012 2:29 pm
i still dont understand VAT issue does this apply to everyone in an IVA ?
 
 

kallis3

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Post by kallis3 » Sun Feb 19, 2012 2:43 pm
I think it does apply to everyone in an IVA at the moment as regards closure.

Some companies are closing, some not. It's one of those things that we have no control over and we'll just have to wait and see what happens.
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
 
 

kazzafunk

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Post by kazzafunk » Sun Feb 19, 2012 2:43 pm
Hi Parjay - nothing really for us to worry about (apart from getting our IVA's closed!!). HMRC used to take vat on the payments (for the fees I think) but this has now been overturned. IP's now have to claim refunds on the vat to go to the creditors.

How long have you been in your IVA? Ours started last June and as the refund would only be about £50 McCambridge Duffy have said they'll close ours without claiming the vat.
Kazza

Please visit my blog:
http://kazzafunk.blogs.iva.co.uk/

IVA completed 21/03/2012
 
 

Shining

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Post by Shining » Sun Feb 19, 2012 3:22 pm
I can't and won't say I understand it all but I'll leave it to my IP to advise me accordingly when the time comes.

I hope everyone gets a swift closure after that last payment as after all it's what we're striving towards isn't it? becoming debt free and a new future. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

antm

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Post by antm » Sun Feb 19, 2012 4:45 pm
This VAT thing does seem to have taken a life of its own. Its prevented IP's closing cases, its caused us stress as all we want it to get to payment 60 or 72 and know that its over.

The rate its going, we are going to need a VAT section for the forum! [}:)]
 
 

parjay

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Post by parjay » Sun Feb 19, 2012 7:41 pm
Kazzafunk ours started in feb last year f&f meeting 9th march
 
 

kallis3

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Post by kallis3 » Sun Feb 19, 2012 8:00 pm
It is something you will have to take up with your IP if your full and final is accepted.
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
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