Tax Debt
Overview
Thousands of people are unable to pay their tax on time, and many have sleepless nights worrying about going bankrupt, losing their home or job, or even going to prison.
In fact, things may not be as bad as you think, as long as you do not ignore the problem.
The first things to consider are detailed in 'Can't pay your tax' and will be helpful in understanding how you can help yourself. If you need personal advice, and you cannot afford to pay a professional tax adviser, please see Our Advice Services.
In this section of the website we describe the law and practice in England and Wales . The legal procedures in Scotland and Northern Ireland are somewhat different, but follow broadly the same approach.
Our advice team are able to provide specialist help with tax problems and help with tax arrears to businesses that have tax debts or tax problems and are being chased by creditors or being threatened by HMRC enforcement or creditors with legal action.
- Can't pay your tax
- If you have not declared your income
- If you think the tax bill is wrong
- Seeking agreement with the revenue
- Making payment arrangements
- Threat of distraint
- Magistrates' court proceedings
- County court proceedings
- Bankruptcy and tax debt
- What is bankruptcy?
- Jersey - a guide to bankruptcy law
- PAYE / Employed Individuals menu
- Sole Traders & Partnerships menu
- Limited Companies menu
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]