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Wednesday 27 August 2014

Scrap HMRC’s recovery powers

The Law Society has joined the call from the accountancy profession and the leading building societies for HMRC to scrap its plans which would allow it to seize money from taxpayer bank accounts. The Law Society branded the debt recovery position as “draconian & regressive” . Whilst there is no doubt that tax due should be paid there are already procedures in place which are deemed to be perfectly adequate and sufficient. Data Protection and human rights legislation will need to be examined closely if HMRC insist upon proceeding with their plans. ACCA have re-stated their concerns and in particular the view that HMRC will continue with implementation of the practice irrespective of what people say.

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