Post Tagged with: "tax"

HMRC awards itself new power to deduct £17k from your account

HMRC awards itself new power to deduct £17k from your account

The taxman has recently handed itself sweeping new powers to deduct £17,000 from British workers, it has been announced. HM Revenue & Customs will be able to take up to £17,000 from pay packets – compared to the current limit of £3,000. It will target those who it claims have underpaid income tax, capital gains tax or National Insurance contributions.[Read More…]

Taxman draws up additional plans to access your bank details

Taxman draws up additional plans to access your bank details

HMRC has awarded itself new powers to access your accounts for a year, it has been reported. The tax authority has drawn up plans to seize the account details of anyone who they claim may owe them some money. These new powers come just months after it announced that they can dip into the accounts of those it accuses of[Read More…]

Poor households pay more taxes than the super-wealthy

Poor households pay more taxes than the super-wealthy

Most people in the UK wrongly assume that the richer you are, the more tax you pay. A new study has helped to break down that myth and reveals that in actual fact, the truth is just the opposite. The less you earn, the greater proportion of your income in tax you pay. Sounds fair right? Right? A new study[Read More…]

HMRC to sell your details to the highest bidder

HMRC to sell your details to the highest bidder

HMRC plans to sell the public’s details to the highest bidder, it has recently been reported. The data of thousands of men and women across the country could be sold to private companies by HM Revenue & Customs (HMRC). This new move has prompted concerns over civil liberties and privacy. The government claims that the data will be anonymous, but[Read More…]

HMRC given powers to raid your account and punish you in EXPECTATION of crime

HMRC given powers to raid your account and punish you in EXPECTATION of crime

The government has recently granted HMRC new powers to help itself to whatever is in your bank account. Chancellor George Osborne recently announced as part of his 2014 Budget that the tax authority will be able to bypass any scrutiny or due process and take money directly from your account if they feel that it is necessary. Previously, they had[Read More…]