‘Unpaid taxes’ retrieval power – good or bad?

Mike Sivier's blog


Don’t you hate it when people avoid telling you things you ought to know?

George Osborne’s budget speech never mentioned the new power granted to HM Revenue and Customs, allowing it “to delve into Britons’ bank accounts for money that officials think is owed in unpaid taxes, in a move which critics have warned leave officials ‘a law unto themselves’,” according to the Huffington Post.

The trouble is, I’m not sure whether this is really a bad thing, or a useful tool in the battle against corporate and mega-rich tax avoiders/evaders.

Here’s what the HuffPost had to say:

“The Chancellor slipped details of the move out in the Budget’s Red Book, which stated that HMRC will be able to take money from people who owe officials over £1,000 in tax.

“Officials will only be able to use the power for Britons who have been asked ‘multiple times’ by debt…

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