Nimesh Shah

HMRC claims power to take money from bank accounts has saved £13m through side-effect

HMRC claims power to take money from bank accounts has saved £13m through side-effect The reinstated policy is a strong ‘deterrent’, the tax authority reports - Bookmark - CommentsGo to comments Powers given to HMRC to take money directly from bank accounts has already saved the government £13m, the tax authority has claimed, due to the “deterrent effect” of the measure. The controversial ‘Direct Recovery of Debts’ powers were introduced a decade ago but paused during the pandemic. HMRC as...