ARTICLE · 18 AUGUST 2015

Weekly Tax Update - August 10, 2015

Smith & Williamson

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HMRC has published an issue briefing setting out how the direct recovery of debt (DRD) provisions, are to be implemented.

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1 General news

1.1 HMRC Issue Briefing - direct recovery of debts

HMRC has published an issue briefing setting out how the direct recovery of debt (DRD) provisions, are to be implemented. DRD will enable HMRC to recover tax debts from bank accounts of certain taxpayers and imposes obligations not only on HMRC and taxpayers but also banks and other deposit takers, who will need to comply with stringent time limits. The issue briefing highlights the safeguards that HMRC plans to introduce.

There have been calls to include all the safeguards in legislation (currently in Finance Bill Sch 4 and a draft statutory instrument) to ensure they are robustly followed. The non- statutory safeguards highlighted include:

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