Joey Essex Hit with £300,000 Tax Bill After Love Island Return

High Tax Bills and Loan Repayments

Joey Essex is facing financial woes with a hefty tax bill of nearly £300,000 and the need to repay a £30,000 Covid Bounce Back Loan, as revealed in recent documents.

Return from Love Island Villa

The reality TV star, Joey Essex, 33, returned home from the Love Island villa where he had found love with Jessy Potts, only to be met with these financial challenges.

Company Closure and Debts

Upon his return, Joey decided to voluntarily close his performing arts company, Joey Essex Management, but paperwork uncovered significant outstanding tax bills, including £259,000 for corporation tax and £30,900 for VAT.

Loan Repayments and Credits

In addition to the tax bills, Joey also owes £30,000 for the Covid Bounce Back Loan and £11,250 to unnamed trade creditors. He is returning a £780,000 loan borrowed from the business to cover these debts.

Declaration of Solvency

To address the financial situation, Joey had to sign a Declaration of Solvency document affirming his belief that the company will be able to pay its debts in full within 12 months.

Other Business Ventures and Personal Challenges

Joey's other active companies, JDE Property Limited, Fusey Productions Limited, and The Top TT Limited, are facing financial scrutiny as well. Despite financial troubles, Joey has been battling accusations and online harassment, with a stalker sending threatening messages to him and his Love Island girlfriend.

A representative for Joey was approached for comment on his financial situation.