IVA a taxing problem

People in the UK are turning towards IVAs or Individual Voluntary Arrangements more and more as a result of not being able to afford their massive tax bills.

A new report by TaxDebts has shown the self-employed are struggling with their taxes as they pursue a pay as you earn scheme, which many are miscalculating.

In a statement from the group, they say that more people need to wake up to the problem of tax debt, adding, "Like any kind of debt - you need to get it sorted."