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Gloucestershire Business News

Should tax inspectors have secret access to your bank accounts?

The proposal that the HMRC should be allowed secret access to taxpayers' banks accounts has been dubbed unreasonable by a leading tax specialist.

Tax preparation expert David Redfern, director of DSR Tax Claims, denounced the proposal as an unreasonable invasion of taxpayers' privacy and urged HMRC to reconsider this proposal.

The proposal, released on 10th July as part of a policy document entitled Amending HMRC's Civil Information Powers, suggests allowing HMRC to have secret access to taxpayers' banking information to ascertain whether the correct amount of tax has been paid.

Currently HMRC can only access taxpayers' financial information with the consent of the taxpayer, unless a tribunal orders otherwise. At present, financial institutions must notify the customer that HMRC has requested access to their financial information. However, HMRC wants to prevent prior notice being given and believes that involving the tribunal process is not resource efficient.

David Redfern said: "Although HMRC is correct to crack down on tax evasion which costs the UK extensively each year, HMRC is overreaching its powers with this latest proposal. HMRC already has the right to access the financial information of taxpayers and can request an Information Order should the evidence deem it necessary - however, to allow HMRC to have secret access to financial information is an alarming suggestion and is a further step towards eroding the civil liberties of UK taxpayers.

"HMRC state that they believe that these powers would only be used for a few hundred cases per year and therefore shouldn't cause much concern - however if these cases are so few and far between then their argument that the current process is too wasteful of their resources seems facile. In seeking to access bank account information in secret, HMRC appears to be extending its powers in an intrusive and troubling manner".

HMRC is accepting comments on the proposal until 2nd October 2018.

What do you think? Email mark@moosemarketingandpr.co.uk  

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