HMRC plans to recover unpaid tax from the bank accounts of alleged debtors has been branded “unconstitutional” by the Institute of Chartered Accounts in England and Wales (ICAEW). A three month public consultation on the Direct Recovery of Debt (DRD) initiative ended yesterday (29th July). The ICAEW says the plans are “unconstitutional and wrong in […]

Pension savers continue to be targeted by unscrupulous companies encouraging them to access their pension savings early. Promoters of these schemes offer personal loans, cash incentives and one-off pension investments to entice people to invest in these pension scams. Pension savers involved in these pension liberation scams face significant tax consequences. HM Revenue & Customs […]

Changes to the civil penalty scheme to prevent illegal working Following a public consultation in the summer 2013, the government announced its intention to make changes to the civil penalty scheme to prevent illegal working. Details were set out in its response to the consultation in October 2013. The changes are intended to encourage and […]