Budget gives HMRC power to raid bank accounts

[vetran]

Keep cash in safety deposit box then, or some foreign bank where they'll need a court order.

That if you got something to hide.

the point is you don't need to have anything to hide, I suspect it will be a case of withdraw money first and then they lie to cover it up and refuse to pay for their actions.

Having had 3-4 different coding notices in a week, I'm sadly aware HMRC don't do competent.

[Old Greg]

I'll remind you of that when Hector decides you are tax evoiding individual that needs an empty bank account.

Hey vetran, you should sell that 'evoid' to HMRC as a word for 'avoid aggressively', blurring the line between avoid and evade.

[vetran]

Hey vetran, you should sell that 'evoid' to HMRC as a word for 'avoid aggressively', blurring the line between avoid and evade.

I'm actually surprised they haven't used it, they have been trying to blur the line for years.

[craig1]

So at what point can they take the money?
When they think you owe it to the or when they convince a judge in a fair trial?

If I remember my tax law, and I'm sure someone will correct me if I'm wrong, a HMRC calculation of tax owed is a legally valid notice of debt. The interpretations given to the new policy are that HMRC will be able to go after debtor's money without further notice. If my interpretation of this is correct then in extreme cases HMRC could send you a debt letter by first class post on Monday and then empty your accounts on Tuesday because the deemed delivery of a notice is one day for a first class letter. Have fun hiring a lawyer or accountant to fight the case when you've only £5000 to play with.