Last Wednesday’s Budget included a proposal to allow HMRC to recover tax and tax credit debts of £1,000 or more directly from the taxpayer’s bank and building society accounts, including ISAs. HMRC can already seize goods, or take proceedings for recovery of income tax in the courts, and interest is charged on tax paid late. … Continue reading Should HMRC be allowed to collect tax debts from bank accounts?
HM Treasury and HMRC have posted hundreds of pages of information on yesterday’s Budget, and this page is a useful starting point. HMRC’s short overview of the key announcements is here. A longer HMT/HMRC overview of tax legislation and rates etc has more than 170 pages but it deals with more than the Budget. It … Continue reading Budget 2014: The detail and the summaries
The Budget will be delivered on Wednesday 19 March. Every year I have more sympathy with the (very few) people who call for it to be banned. Tax policy announcements and other major developments can now happen at any time, in written ministerial statements and appearances on the Andrew Marr Show, and tax policy and … Continue reading Budget 2014: A briefing for MPs