Taxman proposes new powers to check bank accounts without notice
Amongst a raft of “consultation documents” published by HMRC for discussion is this >> new powers enabling HMRC to get your personal financial information without telling you.
No notification would be provided and there would be no right of appeal to the data access.
The bank or any other third party possessing the data to be accessed (including building societies, solicitors, accountants, estate agents and more) would be legally prohibited from telling you that HMRC requested and was given access to your private data.
These powers are not just for tax assessment but also proposed for debt collection purposes and other (unnamed) functions.
These proposals are at the consultation stage before implementation. Any responses from “stakeholders” will be accepted until October 2018.
Interested in the detail? It’s here……
Might be a good idea to lobby your MP if you don’t agree with this.