Thursday, March 20, 2014

HMRC Fear mongering…

Did you spot this? Budget gives HMRC power to raid your bank account – like Wonga

“The Government will modernise and strengthen HMRC’s debt collection powers to recover financial assets from the bank accounts of debtors who owe over £1,000 of tax.” "Crucially, there’s no safeguard built into this system – there’s no evidence of appeal process." To repeat, if HMRC decide you owe them cash, they just take it, and there’s no mechanism to get it back or challenge their decision. You just wake up one morning, check your bank account, and find the money's gone.

Posted by tom101 @ 01:27 PM (4206 views)
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2 thoughts on “HMRC Fear mongering…

  • The Ukraine already has this power. It’s doing a “grab” on the deposits of ordinary folk, just like I predicted a week ago.

    Not surprisingly the smart money has just left town. The everyday “Joe” (or Vasily) will pick up the tab.

    Looks like Catherine Ashton and the Troika strike again. And the poor ba5tards haven’t even joined the EU yet!

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  • stillthinking says:

    Unless your bank account isn’t UK based.

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