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monkety tunkety
Was self employed now unemployed how can you pay your tax bill?
My husband used to be selfemployed.. He has now been unemployed for almost ayear. Hes been sent a Tax bill of £1500. Does he have to pay it? How can he pay it if he has no source of income. I am supporting him financially and he is not entitled to jobseekers allowance so he really has no income at all. What will happen? Additional Details He has no savings either.
Well whatever you do don't just ignore them as you will end up with a bigger bill, phone them up and discus it with them and i'm sure you will be able to sort it out.
a new me UK
I'm not saying this is fair but the Inland Revenue will say that while he was earning he should have been putting money away to pay his tax bill when it came in, they work virtually two years ago so he was working at that stage - they are not very sympathetic unfortunately. Solution is for him to get a job and pay the 1500 back through a PAYE scheme with his new employers, or write very sincerely to them offering to pay a minimum amount a week (10 pounds).
suerye
As a new me says, HMRC's response will be that he should have been putting money aside to meet his tax liability.
However, is this bill of £1500 as a result of a self assessment which he has put in himself, or is it a determination by HMRC as he has not completed his return? If the latter, he needs to put things right by doing a self assessment and he may find this cancels the bill - I assume that his business did not suddenly just stop but that it was failing for a while.
He needs to contact HMRC to see what he needs to do. On no account ignore this - they can help with completing outstanding returns and come to a payment agreement.
Paul S
its unfortunate that he is now unemployed, but he should of know there would be tax to pay and put some aside. having said that, if times are hard you need every penny you can get.
if he contacts the Revenue and explains it, he maybe able to postpone it or even have it written off, but this is unlikely as its quite a large amount.
im not sure if they can deduct it from any benefits so they should be safe. not sure if they could deduct it from tax credits either.
rocky
The best thing to do is contact the inland revenue and discuss it with them. I did when things got bad and it was sorted and I haven't paid a penny
lbaker2656
Contact Inland Revenue and explain the situation to them. They will probably need proof he hasnt been working for almost a year. He should be able to claim some sort of benefit if he isnt already. If he does have to pay it back they should accept low monthly repayments. They will realise that most people dont have £1500 just lying around. If you want further info before you ring Inland Revenue try the Citizens Advice Bureau. They will know how to help you. Good luck and dont worry!
Tony F
as long as he has signed on to unemployment he should not have to pay for the time being!! but if you have no savings he should be entitled to something!
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