Hello
first up, apologies if this isn't the right place for this question - I'll delete and move it if need be.
A few years ago my long-term employer went bust. They had me on a freelance contract for several years. The result was that I was left with 6 months unpaid wages when they went under. The company I used for invoicing paid me a nominal sum for my lost wages but nowhere near what I was owed - I felt sorry for them as it wasn't really their fault.
I know that when a company goes under, HMRC gets paid first. I'm now wondering if I can deduct my substantial lost earnings against current tax liabilities? Any thoughts or advice greatly appreciated.
All the best
Londonlancs
first up, apologies if this isn't the right place for this question - I'll delete and move it if need be.
A few years ago my long-term employer went bust. They had me on a freelance contract for several years. The result was that I was left with 6 months unpaid wages when they went under. The company I used for invoicing paid me a nominal sum for my lost wages but nowhere near what I was owed - I felt sorry for them as it wasn't really their fault.
I know that when a company goes under, HMRC gets paid first. I'm now wondering if I can deduct my substantial lost earnings against current tax liabilities? Any thoughts or advice greatly appreciated.
All the best
Londonlancs
employer bust, unpaid wages and tax
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