MPs raise concern over tax powers

Frances colour

The Treasury Select Committee (TSC) has issued its report on the Budget, raising concerns about plans to grant HM Revenue & Customs (HMRC) the power to recover money directly from taxpayers’ bank accounts.

It said: “This policy is highly dependent on HMRC’s ability accurately to determine which taxpayers owe money and what amounts they owe, an ability not always demonstrated in the past. Incorrectly collecting money will result in serious detriment to taxpayers.”