Can anyone give advice on this please. A client went bankrupt in Jan 2013 and has been Self Employed since Feb 2012. As there was no change of source of income during the tax year of the Order I understand that any tax due for the whole year is included in the order. The client operates under the CIS as a sole trader so is stopped 20% at source. My questions are ;
1 Does this mean that no tax is due for the year 2012/13 ?
2 If so will the tax deducted be repaid to the taxpayer or taken by OR as if PAYE no tax would be deducted with a NT coding and the bankrupt would receive the financial benefit.
Many thanks to all.