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MSE News: Summer Budget 2015: HMRC given power to raid accounts for debts
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Former_MSE_Helen
Posts: 2,382 Forumite
in Cutting tax
Individuals and businesses who owe more than £1,000 to HMRC may have their funds raided for the money owed...
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Summer Budget 2015: HMRC given power to raid accounts for debts

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Summer Budget 2015: HMRC given power to raid accounts for debts

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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This is such a bad idea because they cant even get the basics right, and as you cant get to speak to them on the phone, and they dont accept emails (insecure form of communication) , how do you appeal ?0
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If and when this rule comes into force, they have guaranteed a face to face meeting before taking any money. Also that they will ensure that at least £5000 is left in the accounts. If you owe the tax and have the funds to pay it, why should you choose not to pay when others pay up on time. This can only cause additional costs to the system and to other taxpayers.
I believe it is a new rule that can be accepted to help 'balance the books' and bring those bad payers in line when they can afford it.I'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.0 -
The problem is they just can't be trusted. They make so many blunders, get so many simple things wrong. And there is a generic attitude that the taxpayer is always wrong and our systems are always right, despite the tsunami of evidence to the contrary.
I am willing to bet £10,000 at even money that there will be at least one case where all these safeguards are ignored or not properly followed and a chunk of money is stolen by HMRC from an innocent taxpayer sometime in the first 3 years of this farce.Hideous Muddles from Right Charlies0 -
Quite possibly mistakes may happen. However, where there are rules that need to be carried out before the overdue tax can actually be taken, then there will be a legal right of redress. As such, I think that the tax office will be very careful when implementing this new rule if it does come into force.
Lets face it, this change has only been needed because there are so many who do not pay up on time even though they have the money and it is costing all the other tax payers and this country too much. They have the attitude that they will not pay until pressed to do so. Such a rule should have been brough in a long time ago.I'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.0 -
The government are going to get their pound of flesh rightly or wrongly one way or another .Great shame they don't look into their own wastefull spending instead. of continually hammering the tax payers for more money to waste setting up useless systems that don't work.0
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