Financial Advice
Search the site:
Bank accounts
Search News
Find an IFA
Enter name, town or postcode
Browse
Bank Accounts
Credit Cards
Household Bills
Insurance
Investments
Loans
Mortgages
Pensions
Property
Savings
Tax
UK Economy

UK Spotlight
On the eve of what is sure to be Alistair Darling's most important political statement there is speculation and counter speculation about how he will address the situation of the UK economy next...
→ Read More

Disclaimer
Financialadvice.co.uk adheres to the Financial Services and Markets Act 2000. This site contains only factual and readily available public information.

Loans
IVA Debt Advice Helpline
Cheap Loans
Home Insurance
Bank accounts News - Last Updated Thursday 5th July 2007 → Syndicate this
HMRC 'to raid bank accounts'




Thursday 5th July 2007

People who refuse to pay their taxes could have their bank accounts directly raided by HM Revenue and Customs (HMRC) under new plans.

The idea is among proposals made in a consultation document published by the tax body last month that would allow tax collectors to bypass court orders.

HMRC make 400,000 visits to people to collect unpaid taxes, with more than 200,000 cases eventually going to court.

But amid criticism the plans could see HMRC granted too much power, a spokeswoman said the proposals were just the first-stage of a "long-term" process that would ultimately lead to legislation.

She said it was just "one of the ideas" being proposed to combat the "small numbers who can pay who don't want to pay".

"It is in everyone's interest if those who owe tax pay on time," a statement elaborated. "This consultation asks for views on proposals designed to make it easier and cheaper for taxpayers to do so."

The statement went on to insist that HMRC "supports those who want to pay but find themselves temporarily unable to do so".

"But it is then only fair that it pursues the minority who delay payment for a significant time so that they do not gain an advantage over the compliant," it concluded.

HMRC's consultation closes on September 17th later this year.


Digg this Post to del.icio.us Post to Furl

→ Full Bank accounts News Archive → Return to Homepage


Other top stories in this section:
  • Basic bank accounts 'top 7.4m'
  • Icesave customers receive £0.25bn
  • Post Office to continue providing POCA
  • Will the HBOS saga ever end?
  • Skipton building society set to acquire rival Scarborough

  • Financial Advice
    Pension Line
    Think Engine
    Life Insure
    Lending


    © 2007-2008 FinancialAdvice.co.uk | Contact Us