ARTICLE · 28 OCTOBER 2015

Weekly Tax Update - Monday 12 October 2015

Smith & Williamson

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The Government has tabled amendments to the Finance (No2) Bill 2015 in respect of the direct recovery of debt provisions, following further representations. The amendments are to Schedule 8 'Enforcement by deduction from accounts'.

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1. General

1.1 Direct recovery of debt – persons at a particular disadvantage

The Government has tabled amendments to the Finance (No2) Bill 2015 in respect of the direct recovery of debt provisions, following further representations. The amendments are to Schedule 8 'Enforcement by deduction from accounts'.

As set out in the accompanying explanatory note, the amendments place a duty on HMRC to consider whether a debtor may be put at a particular disadvantage if this new power is exercised, in pursuit of a debt owed by that person, and to affirm in writing that this duty has been carried out. The criteria by which this disadvantage will be judged will be set out in guidance.

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