Friday, 9 May 2014

MPs raise concerns over new tax powers in budget

Plans to allow the tax authority to settle unpaid demands by taking money from people's bank accounts have been criticised by a group of MPs.

The Treasury Committee says it is very concerned because tax officials have a history of making mistakes.

Chancellor George Osborne unveiled the plan at this year's Budget.

I would like to know why this hasn’t been reported until now when Osborne unveiled his budget two months ago, didn’t anybody in the media think hmm this seems like an issue most people would quite like to hear about.

Allowing HMRC to simply reach into your account and taking what you owe, or what they think you owe, will no doubt lead to problems down the road.


I also wonder whether the same rules apply to companies that take full advantage of every loophole available to ensure they pay next to no tax, can HMRC reach in and take the billions owed in those cases? I highly doubt it!

No comments:

Post a Comment