Give us your details and we’ll be in touch asap

Insights

All Articles

Business Services

Business Tax

Personal tax

Probate and Inheritance Tax

VAT

Business Tax  •  Enquiries  •  HMRC  •  Personal tax

Taxation magazine starts online petition to oppose DRD proposals

By Lesley Stalker on 21 August, 2014

Mike Truman, the editor of Taxation magazine, has set up an e-petition to try and influence the government’s plans to introduce direct recovery of tax debts (DRD) from taxpayers’ bank accounts in Finance Act 2015. By launching the new e-petition, Taxation is giving anyone who wishes to express opposition to the DRD proposals the ability to do so directly to the government.

As with the ‘accelerated payments’ legislation, the DRD proposals have attracted a lot of comment and criticism. HMRC is becoming more and more powerful and where will this all end? In addition to Taxation, accountancy professional bodies, including the ICAEW plus charities and other groups are objecting to the proposals.

According to the ICAEW, introducing DRD would be unconstitutional. They argue that greater safeguards to protect the majority of taxpayers need to be in place before the legislation can become effective. They have stated that HMRC should instead “go back a step and consult on better ways to tackle the problem of persistent non-payers”.

You can read the ICAEW’s detailed response about the consultation at ICAEW says a resounding “No” to the direct recovery of debts proposals.

If you have any concerns about tax payments and in particular if you think you have underpaid tax and want to make a voluntary disclosure, please get in touch with us for independent advice. Email Lesley Stalker or Anne Eager.

 

 

Read more articles like this

Summer Budget 2020 Update

VAT payment holiday window ends on 30 June 2020

Domestic reverse charge VAT rules are delayed until 2021

The Updated Furlough Scheme – claims for June and July 2020

How can Covid-19 present an opportunity for employee share schemes?

Share this:

All Articles

Business Services

Business Tax

Personal tax

Probate and Inheritance Tax

VAT

Image

31 July 2020 - Normally an important deadline!

All taxpayers due to make self-assessment tax payments on 31 July 2020 can now delay their payment due to the disruption caused by Coronavirus. This includes self-employed taxpayers and also company directors who pay self-assessment tax on dividend income.

Read more in our coverage of Coronavirus and business support from the Government.