Contributed by ACCA, in their own words

The government plans to give HMRC the power to recover tax directly from debtors’ bank accounts. 

The government plans to give HMRC the power to recover tax directly from debtors’ bank accounts where they owe more than £1,000 and have previously been contacted ‘multiple times by HMRC to pay’. A single aggregate of £5,000 will be left across all accounts, after the debt is recovered.

The Treasury says the new power will bring the UK tax authorities in line with other countries in Europe, which already have this power.

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