Direct recovery of HM Revenue and Customs debts from debtors' bank and building society accounts
This tax information and impact note affects individuals and businesses who have debts of over 拢1,000 payable to the Commissioners for Revenue and Customs under or by virtue of an enactment or under a contract settlement.
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Details
The measure will allow HM Revenue and Customs to secure payment of tax and tax credit debts directly from debtors鈥� bank and building society accounts that have a minimum aggregate credit of 拢5,000. Additional safeguards have been included following consultation.