Consultation update: Direct recovery deadline approaches
Consultation on a controversial new power allowing HMRC to recover tax and tax credits debt directly from debtors’ bank and building society accounts closes next week. With the Finance Act 2014 now on the statute book, Andrew Goodall presents this round-up of measures that are likely to feature next year.
At the time of publication there are 24 open tax-related consultations, which are summarised very briefly below. The “direct recovery of debts” consultation (see “HMRC powers below) closes on 29 July, and an inheritance tax consultation on trusts closes on 29 August. The remaining consultations close in September or October. This contents table lists the issues in order of deadline date; the individual topics are itemised alphabetically below.