Taxman wants to swipe money direct from bank accounts

[Cocksparrer]

http://money.uk.msn.com/tax/articles...mentid=6183028

You might think the taxman already has enough clout, but things could be about to get worse - a lot worse.
HM Revenue & Customs (HMRC) wants to extend its powers so it would be able to raid bank and building society accounts for unpaid tax, without having to make its case before a judge and obtain a court order. Your home could also be at risk: HMRC could put a charge on your property if you didn't pay your tax, again without seeking sanction from a court.
HMRC believes the changes would give it the "right tools to tackle debt". Many experts think they go too far and would turn the taxman into judge, jury and executioner. Mike Warburton, senior tax partner at accountancy firm Grant Thornton, said: "It's a disgrace. If HMRC has a claim, then it should stand up in court. I would rather put my faith in the independent judiciary than the taxman. We are not yet living in a police state."


More on the link. And another poll.

[Gothicina]

http://money.uk.msn.com/tax/articles...mentid=6183028

You might think the taxman already has enough clout, but things could be about to get worse - a lot worse.
HM Revenue & Customs (HMRC) wants to extend its powers so it would be able to raid bank and building society accounts for unpaid tax, without having to make its case before a judge and obtain a court order. Your home could also be at risk: HMRC could put a charge on your property if you didn't pay your tax, again without seeking sanction from a court.
HMRC believes the changes would give it the "right tools to tackle debt". Many experts think they go too far and would turn the taxman into judge, jury and executioner. Mike Warburton, senior tax partner at accountancy firm Grant Thornton, said: "It's a disgrace. If HMRC has a claim, then it should stand up in court. I would rather put my faith in the independent judiciary than the taxman. We are not yet living in a police state."


More on the link. And another poll.

Makes keeping your money under the mattress sound more attractive, bet that would hit the banks harder than the Northern Rock thing.

[slinkyri]

Makes keeping your money under the mattress sound more attractive, bet that would hit the banks harder than the Northern Rock thing.

think I'll start to bury my "treasure"

[damian_steele]

Scary as the thought may be, the simple solution is to make sure that all relevant tax is paid on time. That, of course, would be a lot easier if people could actually understand how much tax to pay.

[Cocksparrer]

Scary as the thought may be, the simple solution is to make sure that all relevant tax is paid on time. That, of course, would be a lot easier if people could actually understand how much tax to pay.

Oh dont start that one, I remember when my daughter first started work, she was on emergency tax as everyone is when they start, we were trying to figure out how much work she would do how much cash she would bring home etc etc, have you tried going on the IRS site, damn theres all sorts of different tax codes, makes ya go dizzy.
In the end it got sorted but she is still waiting for her refund for the emergency tax, may have to hassle them for that its been nearly 4 months hmm

[MadcatwomanEnterprises]

I know the last job I had, they charged me emergency tax rate for the seven week contract I was there. Even though I was well under the tax threshold that year, I never got any refund, in fact I have never had one from the tax office ever.

[Cocksparrer]

I know the last job I had, they charged me emergency tax rate for the seven week contract I was there. Even though I was well under the tax threshold that year, I never got any refund, in fact I have never had one from the tax office ever.

They can only keep you on emergency tax for up to 8 weeks, which is suffient time for them to work out how much you are liable to pay in taxes.

After that your company or you have to make a claim from IRS to get your money refunded. But it is up to IRS to refund you, but hey we know they dont like to do this so its left up to us.
My daughter is due back £140. in refund so this should show on her pay slip soon I hope if not we will have to contact her boss & get him to press some buttons for refund.

[MadcatwomanEnterprises]

Hope your daughter gets her refund.

Only thing I've ever had in that area is I've had a few letters from the Inland Revenue telling me to pay up a couple of thousand quid or I won't get a pension :-(