HMRC are to be given the powers to dip into debtors’ bank accounts and help themselves to tax which they believe they are owed.
Everybody should pay the correct amount of tax, but HMRC have a poor history of knowing what the correct amount of tax is that people owe!!
HMRC will be acting as both judge and jury and there is no one to oversee them and challenge their conduct.
It is a clear infringement of civil liberties and there will be some horror stories. It also presents the insolvency profession with a number of issues as HMRC may take money they are not entitled to and the insolvency practitioner may have to apply to court to get those monies back. Watch this space!!
It is important for anybody facing financial difficulties, whether personally, directors of limited companies or partnerships, to seek advice from a licensed insolvency practitioner as soon as possible.
To take advantage of our free consultation, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.
Redman Nichols Butler has had a York office for nearly six years now and specialises in advising SME businesses in York and North Yorkshire. The Redman Nichols Butler York office address is Westminster Business Centre, Nether Poppleton, York, YO26 6RB.
Redman Nichols Butler has had a Driffield office for 16 years now and specialises in advising SME businesses in East Yorkshire. The Redman Nichols Butler Driffield office address is Maclaren House, Skerne Road, Driffield, East Yorkshire, YO25 6PN.
Redman Nichols Butler has had a Scunthorpe office for nearly 4 years now and specialises in advising SME businesses in Scunthorpe, Grimsby and all over North East Lincolnshire. The Redman Nichols Butler Scunthorpe office address is Normanby Gateway, Lysaghts Way, Scunthorpe, DN15 9YG.