Notifications
Clear all

Tax rebate

6 Posts
4 Users
0 Reactions
1,518 Views
 Adam
(@adam)
Eminent Member
Joined: 9 years ago
Posts: 25
Topic starter  

Hi all I was discharged back in November after a long hard 5 years my td company applied for all tax rebates as far as I know but I have been told its more than likely that I am due one my question is if I apply and receive a payment can my case be reopened to recovery any money I might receive

I have received my discharge later and my case is closed on the register


   
Quote
Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 16 years ago
Posts: 4253
 

Hi Adam. The rule about giving up any windfalls such as tax rebates should only apply to the first 4 years of a Trust Deed. Notwithstanding that, in any case it would be extremely unlikely that your case would be reopened to gather the funds in. There shouldn't be anything to worry about.

Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
ReplyQuote
 Adam
(@adam)
Eminent Member
Joined: 9 years ago
Posts: 25
Topic starter  

Thanks Kevin
I read that anything would automatically be sent to them if I was due if I was still in the td would this still be the case with both us being discharged and thanks again


   
ReplyQuote
TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hi Adam,

I guess it's potentially possible that HMRC might check with your former trustee that they have no interest in this tax refund.

If that happens (and I'm not saying that it will) I'd expect your former trustee would confirm that they have no interest in the funds and HMRC would then make the payment to you directly.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
ReplyQuote
Paul McDougall
(@paul-mcdougall)
Member Moderator
Joined: 6 years ago
Posts: 164
 

Hi Adam

One other point worth noting - if you owe any funds to HMRC then they may exercise set off before remitting the funds meaning they deduct any rebate against any funds due to them.

P

Recommended Partner & Trust Deed Expert - Ask me for help setting up a Scottish Trust Deed


   
ReplyQuote
 Adam
(@adam)
Eminent Member
Joined: 9 years ago
Posts: 25
Topic starter  

Sorry for my late reply and thanks for your advise
I wish I didn't have to know about this page but glad I do be well and take care


   
ReplyQuote
Share: