The glamour model, 45, who was not in court to hear her fate, has an unpaid tax bill worth more than £750,000.
The glamour model, 45, who was not in court to hear her fate, has an unpaid tax bill worth more than £750,000.Katie, 45, did not even send a lawyer to the hearing, which is the latest in a long string regarding her financial woes.
She now faces losing her £2million Sussex pad, dubbed Mucky Mansion - or could see bailiffs come round to repossess anything that could help pay back the government department.CBB star reignites feud with Katie Price and brands ex glamour model ‘jealous’"There is substantial debt due from Ms Price to HMRC and therefore I will make a bankruptcy order.
The £761,994 claim is thought to be for a "liquidated sum," which suggests she may need to sell assets or real estate to release equity. The judge said: “This petition was presented on 27 November 2023. It is in the sum of £761,194.05. That sum derives from self assessments for the years 2020-2021."The other main category on the petition is VAT due on returns. There are eight of those, being the returns between 31 August 2021 and 31 May 2023.“The balance of the petition is therefore penalties and surcharges and interests and such like.
According to trustees, the arrangement meant Katie was meant to make monthly payments of £12,500 for three years as well as a lump sum of £25,000 in July.The judge made a court order ruling that Only Fans, two clothing companies and a paparazzi agency will pay 40% of her income into a bank account she doesn’t have access to.
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