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New tax powers criticised

15.05.14

A number of MPs have expressed concerns over plans revealed by George Osborne that would give HMRC the power to take money direct from bank accounts in order to settle any unpaid taxes.

Criticism towards the proposed changes has been widespread. Committee chairman Andrew Tyrie said: "People should pay the right amount of tax. But HMRC does not always ask for the right amount."

"Some taxpayers may find money taken from their accounts that later should be paid back."

The plans would affect anybody who owes over £1,000 in tax, but the Treasury Committee expressed their concerns due to the fact that HMRC have a history of miscalculating tax bills.

However, HMRC have ensured that they will only target those who owe long-term outstanding tax and have had at least four requests for payment.

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