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IVA and Inland Revenue

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TheLondoner | 11:55 Mon 07th Jan 2008 | Personal Finance
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Hello, I've decided to start 2008 by taking my head out of the sand and dealing with my debt. Does anyone know whether a IVA will also deal with unpaid Inland Revenue debt and (fines)?

Thank you for any advice.
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Avatar Image themas
Tax debts yes; magistrates fines no. See here:

http://www.getaniva.co.uk/faqs.htm#question02

However, whether Inland Revenue would vote in favour of an IVA depends very much on the circumstances - in some cases they seem to favour people being bankrupted.
19:32 Mon 07th Jan 2008
Avatar Image TheLondoner
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Thanks T.
21:17 Mon 07th Jan 2008
Avatar Image Solarjunkie
Go and have a look at http://www.moneysavingexpert.com before you get involved in an IVA - there may be a better way.
Good luck.
22:20 Mon 07th Jan 2008
Avatar Image hev
even if the revenue did not agree only 75% of your creditors have to agree to accept the iva. and they could do nothing about it.
22:28 Mon 07th Jan 2008
Avatar Image TheLondoner
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thanks again for all input. :o)
23:18 Mon 07th Jan 2008

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