Kate Garraway’s tax bill and the remaining debt she has from her late husband’s company have shocked her, which was revealed in paperwork from the HMRC.
Good Morning Britain anchor Kate Garraway has been left “shocked” she is still heavily in debt after new paperwork from HMRC showed loan debts of almost £140,000 remain from her late husband’s company as well as a £288,000 tax bill.
Astra Aspera’s statement of receipts and payments, released this week, reveals Kate is pressed to pay back several of Derek’s firm’s outstanding debts.
Despite receiving royalties of £37, 000, there is still a loan of £139, 849 that needs to be repaid, as well as a £288, 000 tax bill from HMRC.
HMRC claims Kate does not currently have the money to pay back, but the company no longer has any assets and that she is still making attempts to recover the money.
She has been working to get the money back, and sources close to her say the company’s employees are keen to point out that Derek’s loss of income and care for him haven’t helped her financially.
After battling for a long time with the long-term effects of Covid, Derek passed away in January of 2024 at the age of 56.
Kate has received all the requests from Derek’s company’s liquidators, including more, according to a Kate spokesman. She is shocked that they are presenting it in this manner because she doesn’t recognize these figures.
When Derek was forced to no longer run his own business, she was deeply financially strapped, but she is determined to put things right. She keeps in touch with HMRC to make sure Derek’s now-defunct company fulfills her obligations.
Kate has made it clear that Derek’s care has had a significant impact on her finances. She has acknowledged all of her difficulties along the way.
In March 2022, Derek’s company, Astra Aspera Ltd., owed £716 822 to HMRC and £965 548 to four other creditors. Kate has since repaid some money, but she hasn’t been able to pay off all of her debts.
Speaking before her husband’s death, Kate had said in ITV documentary, Kate Garraway: Derek’s Story: “Derek’s care costs more than my salary from ITV and that is before you pay for a mortgage, before you pay any household bills, before you pay for anything for the kids, so we are at a crunch point.
I owe a lot of money. Because I oversee Derek’s care, I can’t even use the money I do have to pay for his recovery because it always goes on the “basics” to pay my debt.
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Source: Mirror
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