HMRC plans to take unpaid tax directly from bank accounts

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Thursday, 19 July 2007

Money owed to the taxman could be taken automatically from people’s bank accounts, if proposals made by HMRC officials ever become law.

Currently HMRC is required to obtain a court order to seize money owed in unpaid tax, but since about 200,000 people are chased through the courts each year the process is regarded as costly and bureaucratic. The plan would allow HMRC to bypass this requirement.

HMRC claims that the new method would be used as a last resort against persistent and serious defaulters.

However, critics worry that it would mean HMRC acting as “judge, jury and executioner”. They argue that proper safeguards such as rights of appeal must be put in place for people under suspicion of defaulting on tax.

Taxpayers have until the middle of September to respond to a public consultation on the proposals.

posted by BusinessBods.co.uk @ 04:46

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