I have to admit it bothers me that anyone can touch my money without my permission, I have enough problems with the bank asking me questions when I make a large withdrawal, it really is none of their business what I do with it and I'm unhappy enough with the government via the taxman ripping me off by grabbing so much in income tax and national insurance not to mention VAT and the other sales taxes they bandy about.
Innocent people face having money taken straight out of their bank accounts under draconian powers to be used by the taxman, MPs warn on Friday.Yes, it's not like the inland revenue are infallible, nor are they known for their patience, I can imagine a scenario where they grab the cash and hold onto it whilst an appeal or other proceedings are occurring. Nor would I expect them to simply target their
A Treasury plan to allow HM Revenue and Customs to remove cash from bank accounts without a court order is “very concerning” because of its history of mistakes, a Commons committee said.
In a consultation document this week, HMRC said the "direct recovery" powers could be used to take money from joint accounts.
The tax authorities admitted this week that about 17,000 people a year would be targeted under the new measures, set out in the Budget and designed for use against people who owe them money.
But today the Commons Treasury committee says that taxpayers could suffer “serious detriment” if officials are able, either by mistake or through an “abuse” of power, to take money from people who have done no wrong.
Giving HMRC this sort of power is akin to letting a kiddy loose in a sweet shop without supervision, they'll simply not be able to help themselves. Seems that putting your cash in the banks (of the UK) is a big mistake, I can see a day coming where overseas banks may become the choice of many, at least the taxman won't be able to get at them quite so easily (so long as they aren't in the EU)