Did you know that HMRC has been given sweeping new powers to raid bank accounts and cash ISAS to recover outstanding tax debts?
The Chancellor, George Osborne, gave the green light for this new move, meaning that anybody who refuses to pay money owing to HMRC can now have the cash taken directly from their bank accounts.
Around 17,000 people who owe an average of £6,000 could be targeted each year.
This move is part of a major Government crackdown on tax evasion but has been widely criticised, so HMRC has been forced to introduce a number of safeguards.
Government crackdown on tax evasion safeguards
- People targeted must always have at least £5,000 left after any raid on their accounts
- Every debtor will first be asked to attend a face-to-face meeting with a tax official, and can go through a county court appeal process
These safeguards were introduced after claims that any mistakes could mean innocent and vulnerable people could be unfairly targeted.
The Taxman can raid tax evaders’ bank accounts
If you have a pressing tax or any HMRC issues get in touch and we will be able to advise you of the best and most course appropriate action; request a free of charge call-back from our website, call 01902 837408 or click here to contact us today!
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