Your hugs and kisses and your money too

[SueEllen]

About time the politicans concentrated on changing laws prospectively. Like amazon, starbucks paying tiny amounts of tax.

They can afford expensive lawyers to drag out the cases for years and to go to every form of court possible.

The likes of small businesses can't.

[xoggoth]

What BP said.
PS Ta for reminding me of another great song.

ZZ Top - Gimme All Your Lovin' - YouTube

[MicrosoftBob]

A bad idea.

I must spend some more time finding out how to open an offshore bank account where Hector cannot stick his mitts yet.

FTFY

[Clare@InTouch]

Full consultation document here: https://www.gov.uk/government/upload...y_of_Debts.pdf

There are some safeguards in place, but scary to think that HMRC could go after unpaid CT in this way, and Determinations too (which are their best guess of what you owe if you fail to file a return).

[BrilloPad]

He said the committee also had "deep reservations" about changes to tax policy that would require upfront payment of any disputed tax associated with tax avoidance schemes.

"Retrospection should be considered only in wholly exceptional circumstances. The latest measure would have to be justified on those grounds," Mr Tyrie said.


Retrospection is only legal in 5 countries in the world. It should be outlawed.

About time the politicans concentrated on changing laws prospectively. Like amazon, starbucks paying tiny amounts of tax.

[KentPhilip]

A bad idea.

I must spend some more time finding out how to open an offshore bank account where Hector cannot stick his mitts.

[vetran]

BBC News - MPs raise concerns over new tax powers in Budget

Plans to allow the tax authority to settle unpaid demands by taking money from people's bank accounts have been criticised by a group of MPs.

The Treasury Committee says it is very concerned because tax officials have a history of making mistakes.

Chancellor George Osborne unveiled the plan at this year's Budget.

But in a wide-ranging report, the committee did welcome another Budget plan - to allow greater flexibility on how pension savings can be used.

In the Budget, Mr Osborne outlined plans for new powers for HM Revenue and Customs (HMRC) to recover tax debts from anyone who owes more than £1,000 in tax or in tax credits.

This would allow the tax authority to seize the tax owed directly from debtors' bank accounts.

Good idea to give Hector an open checque?