Katie Price is allegedly set to swerve a £176k tax bill from her cosmetics company Jordan Trading Ltd - which has been shut down amid her bankruptcy.
The former glamour model's firm went into liquidation five years ago.
And now it has been reported that the 43-year-old's total debts are now up to a whopping £3.2 million, with more fears she may even lose her infamous 'mucky mansion'.
According to the liquidator’s recent report filed at Companies House, Katie owes £192,376 to HMRC, £25,746 to 'trade and expense creditors'.
She also owes £152,478 to the directors loan account.
Liquidator Moorfields, state that it anticipates “that a distribution of approximately 8.19p in the £ will be made to the unsecured creditors” - and this means the taxman can expect to receive just £15,755.
Katie will not have to pay £176,621 in tax.
The star's financial woes have been well documented in recent years and Katie now has a pending High Court case.
It comes after the reality TV star 'failed to engage properly' with creditors over her £3.2million debt.
While Katie has been declared bankrupt, she has also been working hard to 'make millions' again by joining Only Fans.
The mum-of-five was hoping to make back the money she owes by starting a number of businesses this year, including selling saucy snaps on OnlyFans - as well as bath bombs and perfumes as she moved into the cosmetic industry last year.
Katie had reportedly been very hopeful that her OnlyFans career venture will put an end to her money troubles - but she hasn't been so lucky as she continues to slash prices in a bid to sell more raunchy snaps.
Pal and fellow OnlyFans content creator Kerry Katona was one famous face to publicly congratulate the mum-of-five on the move - claiming she was the "one who encouraged her to do it".
It seemed Katie was keen to emulate her friend's success on the subscription-only site - allegedly telling pals she's "convinced" she can pocket at "least £1m this year" by selling sexy snaps to fans.
"The initial signs are good and the interest from fans has blown Katie away. She is really focusing on making this most of this opportunity and thinks she can do really well this year and take a big step to clearing her debts," a source claiming to be close to the star told The Sun.
The insider went on to claim Katie's only regret is "not doing it [OnlyFans] years ago" and confessed that the former Page 3 icon is keen to make just as much as pal Kerry does on the site.
"Kerry [Katona] has been really supportive," they continued.
"She made £1m in her first year on OnlyFans. And Katie hopes to make at least as much as that too.
"Throw in the book she’s writing and all the other work she has bubbling away Katie has actually never felt more upbeat and confident about the future."
Katie - who at one point was worth over £45million - currently owes an eye-watering £3.2 million to her creditors, after being declared bankrupt in December 2019.
