For the tax year 16-17, during my previous tenure employed as a ltd company director, a "salary" was declared for me and the other director. As I understand it, this was to create a loss to be carried forward against next years profit's. Unfortunately, "next year's profits" never happened, and I resigned in August 17.
All was well, until it came round to tax credits. I entered my income as Director for 16-17 as £0, because £0 was my income. It turns out that my P60, showing a "salary" of £8,064.00 means that I was overpaid tax credits for the 16-17 tax year and am to be charged £1300.
I am appealing this decision and have cobbled together the evidence I can. I have bank statements from my side (unfortunately not from the business side because of data protection and my former co-director being MIA since September). I also have a creditors note listing monies owed to me; a signed settlement agreement showing wages owed and Directors Loans Accounts statements from the other two years as a Director listing 'Wages owed...'. Unfortunately, after resigning, no company account info was submitted, so there is no Directors Loan Account statement for 16-17 showing 'Wages owed...'
In summary, is the evidence I have enough to overturn HMRC's decision? Is there anything I can do to increase my chances? Or, am I overcomplicating it and really there's a simpler way of getting the decision overturned?
A suitable direction from more suitable minds would be greatly appreciated.